AUD/USD breakout occurs - Technical Analysis - Dukascopy Bank

Fri, 09 Apr 2021 06:22:30 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs58%59%-1.8%
Shorts42%41%2.5%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)NeutralSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate

The Australian Dollar rose by 54 pips or 0.71% against the US Dollar on Thursday. The surge was stopped by a resistance line at the 0.7660 level during yesterday's trading session.

The AUD/USD exchange rate reversed from the 0.7660 area during the Asian session on Friday. A breakout occurs through the lower boundary of an ascending channel pattern.

However, a support level at 0.7606 could provide support for the currency exchange rate within this session.


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