AUD/USD awaits NFP - Technical Analysis - Dukascopy Bank
Fri, 05 Mar 2021 08:13:44 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
54%
52%
4.5%
Shorts
46%
48%
-5.3%
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 edged lower by 101 pips or 1.30% against the US Dollar on Thursday. The currency pair was pressured lower by the 50– hour simple moving average during yesterday's trading session.
The exchange rate is likely to continue to decline in a descending channel pattern during the following trading session. The potential target for the AUD/USD pair will be near the weekly R1 at 0.7594.
However, the US non-farm payroll scheduled at 12:30 GMT could play an important part in the overall movement of the currency exchange rate today.
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