AUD/USD bulls could prevail - Technical Analysis - Dukascopy Bank
Tue, 30 Mar 2021 07:12:37 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
63%
62%
0.9%
Shorts
37%
38%
-1.6%
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 36 pips or 0.47% against the US Dollar on Monday. The currency pair breached the weekly pivot point at 0.7651 during Monday's trading session.
As for the near future, the exchange rate is likely to continue to edge higher. Bullish traders could target the weekly resistance level at 0.7741 during the following trading session.
However, the 200– hour simple moving average at 0.7675 could provide resistance for the AUD/USD currency exchange rate within this session.
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