AUD/USD bears could prevail - Technical Analysis - Dukascopy Bank
Thu, 01 Apr 2021 07:26:23 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
63%
63%
0.3%
Shorts
37%
37%
-0.6%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Buy
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇗
The Australian Dollar has declined by 86 pips or 1.12% against the US Dollar since Wednesday's trading session. The currency pair breached the weekly support level at 0.7547 during the Asian session on Thursday.
As for the near future, the exchange rate is likely to continue to edge lower in a descending channel pattern. Sellers might target the 0.7500 level within the following trading session.
However, the weekly S1 at 0.7547 could provide support for the currency exchange rate during the following trading session.
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