AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Thu, 08 Apr 2021 07:11:16 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
59%
61%
-2.3%
Shorts
41%
39%
3.3%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Neutral
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇒
⇘
⇒
The Australian Dollar declined by 66 pips or 0.86% against the US Dollar on Wednesday. The AUD/USD currency pair tested the 0.7600 level during Wednesday's trading session.
The exchange rate bounced off a support line at 0.7606 during the Asian session on Thursday.
Most likely, the currency exchange rate could edge higher during the following trading session.
However, the 50– hour simple moving average at 0.7635 could provide resistance for buyers within this session.
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