AUD/USD could continue to edge up - Technical Analysis - Dukascopy Bank
Thu, 22 Apr 2021 06:41:30 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
53%
57%
-7.5%
Shorts
47%
43%
8.3%
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 surged by 59 pips or 0.76% against the US Dollar on Wednesday. The currency pair tested a resistance level at 0.7760 during yesterday's trading session.
Everything being equal, the exchange rate is likely to continue to edge higher during the following trading session. The potential target for the AUD/USD pair will be near the weekly R1 at 0.7800 level.
However, the resistance line at 0.7760 could still provide resistance for the currency exchange rate within this session.
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.