AUD/USD likely to surge - Technical Analysis - Dukascopy Bank
Tue, 20 Apr 2021 07:20:42 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
48%
49%
-2.2%
Shorts
52%
51%
2.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇒
⇗
⇒
Upside risks have dominated the Australian Dollar against the US Dollar since yesterday's trading session. The AUD/USD currency pair has surged by 96 pips or 1.25% during this short period.
Everything being equal, the exchange rate could continue to edge higher within the following trading session. A breakout from the upper boundary of an ascending channel pattern is likely to occur.
However, the weekly R1 at 0.7800 could provide resistance for the currency exchange rate within this session.
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