AUD/USD bounces off support - Technical Analysis - Dukascopy Bank
Fri, 23 Apr 2021 06:56:47 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
56%
53%
6.7%
Shorts
44%
47%
-8.6%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇘
⇗
⇒
The Australian Dollar fell by 58 pips or 0.74% against the US Dollar on Thursday. The currency pair breached the 50– and 200– hour SMAs during Thursday's trading session.
The exchange rate bounced off a support level at 0.7706 during the Asian session on Friday. Most likely, buyers could continue to pressure the AUD/USD pair higher within this session.
However, the upper line of a descending channel pattern and the 50– hour simple moving average near the 0.7731 area could provide resistance for the currency exchange rate within this session.
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