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
Positions
Today
Yesterday
Change
Longs
31%
53%
-69.9%
Shorts
69%
47%
32.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Sell
Neutral
Stochastic(5;3;3)
Sell
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
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.
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