AUD/USD two scenarios likely - Technical Analysis - Dukascopy Bank
Fri, 12 Mar 2021 07:27:53 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
63%
61%
2.6%
Shorts
37%
39%
-4.4%
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 65 pips or 0.85% against the US Dollar on Thursday. The AUD/USD currency pair breached the 0.7800 level during the Asian session on Friday.
Currently, the exchange rate is trading near the lower line of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 0.7680 area could be expected within this session.
However, a support cluster formed by the 50– and 200– hour SMAs at 0.7737 could provide support for the currency exchange rate today.
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