AUD/USD tests 50– hour SMA at 0.7832 - Technical Analysis - Dukascopy Bank

Tue, 11 May 2021 06:48:44 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs31%53%-69.9%
Shorts69%47%32.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellSellNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

The Australian Dollar declined by 63 pips or 0.79% against the US Dollar on Monday. The currency pair tested the 50– hour simple moving average during Monday's trading session.

Currently, the AUD/USD exchange rate is trading near the 50– hour SMA at the 0.7832 level.

If the support line set by the 50–hour moving average holds, bullish traders might pressure the price higher today.

However, if the currency exchange rate breaks the support level, the next target for sellers would be near the 0.7750 area.


Back to feed
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.