AUD/USD decline to continue - Technical Analysis - Dukascopy Bank
Fri, 30 Apr 2021 07:08:32 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
50%
51%
-0.4%
Shorts
50%
49%
0.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇗
⇒
The Australian Dollar declined by 55 pips or 0.72% against the US Dollar on Thursday. The decline was stopped by the 200– hour simple moving average during Thursday's trading session.
The exchange rate could continue to edge lower during the following trading session. A breakout through the lower boundary of an ascending channel pattern is likely to occur.
However, if the channel pattern holds, buyers could pressure the currency exchange rate higher towards the 0.7820 level today.
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