AUD/USD two scenarios likely - Technical Analysis - Dukascopy Bank
Tue, 27 Apr 2021 06:34:07 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
53%
54%
-2.6%
Shorts
47%
46%
2.9%
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
⇗
⇗
⇒
The Australian Dollar surged by 45 pips or 0.58% against the US Dollar on Monday. The currency pair tested the weekly resistance level at 0.7809 during Monday's trading session.
Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 0.7740 area could be expected within this session.
However, if the channel pattern holds, buyers would drive the currency exchange rate higher today.
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