AUD/USD decline likely to continue - Technical Analysis - Dukascopy Bank
Wed, 31 Mar 2021 06:54:57 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
63%
63%
0.5%
Shorts
37%
37%
-0.9%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇒
The Australian Dollar declined by 72 pips or 0.94% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
All things being equal, the AUD/USD currency exchange rate could continue to edge lower during the following trading session. Sellers are likely to target the weekly support level at 0.7540.
A potential upside reversal could occur from the weekly S1 at 0.7540 within this session.
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