AUD/USD bulls could prevail - Technical Analysis - Dukascopy Bank
Wed, 03 Mar 2021 08:18:23 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
52%
48%
9.1%
Shorts
48%
52%
-10.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Sell
Neutral
Sell
Alligator(13;8;5)
Neutral
Buy
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇒
⇒
⇒
The Australian Dollar surged by 101 pips or 1.31% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average at 0.7750 during Tuesday's trading.
Everything being equal, the AUD/USD exchange rate is likely to continue to edge higher during the following trading session. The potential target for bullish traders would be near the 0.7950 area.
However, the 200– hour SMA at 0.7852 could provide resistance for the currency exchange rate within this session.
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