AUD/USD two scenarios likely - Technical Analysis - Dukascopy Bank
Thu, 25 Mar 2021 07:47:05 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
61%
57%
5.9%
Shorts
39%
43%
-9.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Buy
Neutral
Neutral
Stochastic(5;3;3)
Buy
Buy
Neutral
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇒
⇘
⇒
The Australian Dollar declined by 54 pips or 0.70% against the US Dollar on Wednesday. The currency pair breached the weekly support level at 0.7611 during yesterday's trading session.
Technical indicators suggest selling signals on the 4H and the daily time-frame charts. The AUD/USD exchange rate is likely to continue to edge lower during the following trading session.
On the other hand, the currency exchange rate might make a brief pullback towards the 0.7675 level today.
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