AUD/USD decline could continue - Technical Analysis - Dukascopy Bank
Mon, 01 Mar 2021 07:34:20 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
48%
35%
27.9%
Shorts
52%
65%
-25.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Buy
Buy
Sell
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇗
⇒
Downside risks dominated the Australian Dollar against the US Dollar on Friday. As a result, the AUD/USD currency pair declined by 155 pips or 1.97% during Friday's trading session.
Given that a breakout has occurred through the lower boundary of an ascending channel pattern, bearish traders are likely to pressure the exchange rate lower within this session.
Although, the currency exchange rate might make a brief retracement towards the 0.7850 level today.
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