AUD/USD pressured by 50– hour SMA - Technical Analysis - Dukascopy Bank
Thu, 25 Feb 2021 08:24:38 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
26%
25%
2.2%
Shorts
74%
75%
-0.8%
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
⇗
⇒
⇗
The Australian Dollar surged by 76 pips or 0.97% against the US Dollar on Wednesday. The 50– hour simple moving average provided support for the currency pair during yesterday's trading session.
All things being equal, the exchange rate could continue to trend bullish during the following trading session. The potential target for bullish traders will be near the weekly R3 at 0.8072.
However, the upper line of an ascending channel pattern could provide resistance for the currency exchange rate today.
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