AUD/USD decline likely to continue - Technical Analysis - Dukascopy Bank
Mon, 03 May 2021 06:21:20 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
54%
50%
5.8%
Shorts
46%
50%
-6.7%
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
Sell
Sell
Aggregate
⇘
⇒
⇒
The Australian Dollar fell by 80 pips or 1.02% against the US Dollar on April 30. The currency pair breached the 50– and 200– hour simple moving averages during Friday's trading session.
Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the exchange rate could continue to trend downward during the following trading session.
However, a support level at 0.7706 could provide support for the AUD/USD currency exchange rate within this session.
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