AUD/USD bulls likely to prevail - Technical Analysis - Dukascopy Bank
Thu, 11 Mar 2021 07:53:55 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
61%
62%
-1.1%
Shorts
39%
38%
1.8%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Neutral
Sell
Buy
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇒
⇘
⇒
The Australian Dollar surged by 63 pips or 0.82% against the US Dollar on Wednesday. The currency pair breached the 200– hour simple moving average at 0.7735 during the Asian session on Thursday.
All things being equal, the exchange rate could continue to trend higher in an ascending channel pattern during the following trading session. The potential target for buyers will be near the weekly R1 at 0.7805.
A possible downside reversal could occur from the weekly resistance level within this session.
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