AUD/USD tests resistance at 0.7740 - Technical Analysis - Dukascopy Bank
Wed, 05 May 2021 06:19:49 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
56%
54%
4.0%
Shorts
44%
46%
-5.1%
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)
Buy
Sell
Sell
Aggregate
⇒
⇒
⇒
The Australian Dollar declined by 75 pips or 0.96% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The exchange rate bounced off the support line at 0.7680 during the Asian session on Wednesday. The AUD/USD pair could edge higher during the following trading session.
However, the upper line of a descending channel pattern is likely to provide support for the currency exchange rate in the shorter term.
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