AUD/USD bulls likely to prevail - Technical Analysis - Dukascopy Bank
Thu, 04 Mar 2021 07:57:44 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
52%
52%
-1.3%
Shorts
48%
48%
1.3%
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 declined by 80 pips or 1.02% against the US Dollar on Wednesday. The AUD/USD currency pair tested the 0.7750 area during Wednesday's trading session.
All things 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, buyers might pressure the currency exchange rate towards the weekly R1 at 0.7909 today.
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.