AUD/USD breakout occurs - Technical Analysis - Dukascopy Bank
Wed, 21 Apr 2021 06:43:55 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
57%
48%
15.8%
Shorts
43%
52%
-20.5%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Neutral
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇒
⇗
⇒
The Australian Dollar fell by 95 pips or 1.22% against the US Dollar on Tuesday. A breakout through the lower boundary of an ascending channel occurred during yesterday's trading session.
Given that a breakout has occurred, bearish traders are likely to continue to pressure the exchange rate lower during the following trading session. The potential target for bears will be near the 0.7650 area.
However, a support cluster formed by the 200– hour simple moving average and the weekly pivot point at 0.7692 could provide support for the currency exchange rate in the shorter term.
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.