AUD/USD breakout occurs - Technical Analysis - Dukascopy Bank
Thu, 13 May 2021 06:29:21 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
35%
35%
0.9%
Shorts
65%
65%
-0.5%
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)
Sell
Buy
Sell
Aggregate
⇒
⇗
⇒
The Australian Dollar declined by 87 pips or 1.11% against the US Dollar on Wednesday. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
All things being equal, the AUD/USD exchange rate could continue to edge lower during the following trading session. The potential target for sellers would be near the 0.7650 level.
However, bearish traders are likely to encounter a support level at 0.7686 within this session.
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.