AUD/USD two scenario likely - Technical Analysis - Dukascopy Bank
Wed, 24 Feb 2021 08:15:51 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
25%
29%
-15.5%
Shorts
75%
71%
5.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Sell
Sell
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇒
⇗
Australia's dollar fell by 46 pips or 0.58% against the US Dollar on Tuesday. The decline was stopped by the 50– hour simple moving average at 0.7900 during yesterday's trading session.
Currently, the exchange rate is trading near the upper line of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 0.8000 level during the following trading session.
However, if the channel pattern holds, sellers are likely to pressure the currency exchange rate towards the weekly pivot point at 0.7822 could be expected today.
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