AUD/USD awaits NFP - Technical Analysis - Dukascopy Bank

Fri, 05 Mar 2021 08:13:44 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs54%52%4.5%
Shorts46%48%-5.3%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)SellNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)BuySellBuy
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.


Back to feed
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.