AUD/USD could still edge higher - Technical Analysis - Dukascopy Bank
Mon, 29 Mar 2021 06:15:20 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
62%
63%
-1.2%
Shorts
38%
37%
1.9%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇒
⇘
⇒
The Australian Dollar surged by 53 pips or 0.69% against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session.
All things being equal, the exchange rate could continue to surge during the following trading session. The possible target for the AUD/USD pair will be near the weekly resistance level at 0.7741.
However, a resistance level formed by the 200– hour SMA at 0.7687 could provide resistance for the currency exchange rate in the shorter term.
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