AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Fri, 19 Mar 2021 07:39:17 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
57%
61%
-7.0%
Shorts
43%
39%
9.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇗
⇗
⇒
The Australian Dollar fell by 105 pips or 1.34% against the US Dollar on Thursday. The decline was stopped by the 200– hour simple moving average during yesterday's trading session.
The exchange rate bounced off the 200– hour SMA support level during the morning hours on Friday. Most likely, the AUD/USD pair will edge higher during the following trading session.
However, the 50– hour moving average at 0.7768 could provide resistance for the currency exchange rate in the shorter term.
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