AUD/USD breakout could occur - Technical Analysis - Dukascopy Bank
Fri, 26 Feb 2021 07:54:42 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
35%
26%
25.5%
Shorts
65%
74%
-13.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Buy
Neutral
Sell
Alligator(13;8;5)
Neutral
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇒
The Australian Dollar has declined by 195 pips or 2.44% against the US Dollar since yesterday's trading session. The currency pair tested the lower boundary of an ascending channel pattern during the Asian session on Friday.
Everything being equal, the exchange rate could continue to edge lower during the following trading session. A breakout through the lower boundary of an ascending channel pattern could occur.
However, if the channel pattern holds, bullish traders could pressure the currency exchange rate higher towards the 50– hour simple moving average at 0.7020 within this session.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.