AUD/USD could edge lower - Technical Analysis - Dukascopy Bank
Tue, 02 Mar 2021 07:54:06 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
48%
48%
-0.5%
Shorts
52%
52%
0.5%
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
⇘
⇗
⇒
The Australian Dollar edged higher by 60 pips or 0.78% against the US Dollar on Monday. The surge was stopped by the 50– hour simple moving average at 0.7785 during yesterday's trading session.
All things being equal, the exchange rate is likely to edge lower within Tuesday's trading session. A breakout through the lower boundary of an ascending channel pattern might occur.
However, if the channel pattern holds, bullish traders might push the currency exchange rate higher towards the 200– hour SMA at 0.7847 today.
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