AUD/USD breakout occurs - Technical Analysis - Dukascopy Bank
Wed, 14 Apr 2021 06:59:58 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
57%
59%
-4.0%
Shorts
43%
41%
5.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Buy
Sell
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇒
⇒
The Australian Dollar surged by 60 pips or 0.79% against the US Dollar on Tuesday. A breakout occurred through the upper line of a descending channel pattern during the morning hours of Wednesday.
Given that a breakout has occurred, buyers are likely to dominate the exchange rate during the following trading session. The potential target for bullish traders will be near the weekly R2 at 0.7715.
However, the currency exchange rate could make a brief short-term retracement from a resistance level at 0.7685 today.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.