AUD/USD decline likely to continue - Technical Analysis - Dukascopy Bank
Tue, 13 Apr 2021 06:40:12 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
59%
59%
-0.9%
Shorts
41%
41%
1.3%
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)
Sell
Buy
Sell
Aggregate
⇘
⇒
⇒
The Australian Dollar surged by 32 pips or 0.42% against the US Dollar on Monday. The surge was stopped by a resistance cluster at the 0.7630 area during Monday's trading session.
All things being equal, the exchange rate is likely to continue to edge lower during the following trading session. The potential target for the AUD/USD pair will be near the 0.7560 level.
However, a support line at 0.7592 could still provide support for the currency exchange rate in the shorter term.
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