AUD/USD likely to edge higher - Technical Analysis - Dukascopy Bank
Mon, 26 Apr 2021 06:55:55 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
54%
56%
-3.9%
Shorts
46%
44%
4.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇗
⇒
Australia's currency surged by 55 pips or 0.71% against the US Dollar on Friday. The currency pair breached the resistance level at 0.7760 during the Asian session on Monday.
All things being equal, the exchange rate could continue to edge higher in an ascending channel pattern during the following trading session. The potential target for the AUD/USD pair will be near the weekly R1 at 0.7809.
However, given that the currency exchange rate is currently trading near the lower line of the channel pattern, a breakout could occur 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.