AUD/USD could edge lower - Technical Analysis - Dukascopy Bank
Tue, 23 Mar 2021 08:08:01 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
54%
56%
-3.6%
Shorts
46%
44%
4.3%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Neutral
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇘
⇗
⇒
The Australian Dollar surged by 51 pips or 0.66% against the US Dollar on Monday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.
Tuesday's session began with bearish momentum. Most likely, the exchange rate could continue to edge lower today. The potential target for sellers will be near the weekly S2 at 0.7611.
However, the weekly support level at 0.7674 could provide support for the AUD/USD currency exchange rate in the shorter term.
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