AUD/USD could still edge up - Technical Analysis - Dukascopy Bank
Fri, 14 May 2021 06:33:06 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
37%
35%
6.6%
Shorts
63%
65%
-4.0%
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 surged by 44 pips or 0.57% against the US Dollar on Thursday. The currency pair breached the support level at 0.7723 during yesterday's trading session.
As for the near future, the AUD/USD exchange rate could continue to edge higher. A breakout through the upper boundary of a descending channel pattern could occur within this session.
However, the 50– hour simple moving average at 0.7740 could provide resistance for the currency exchange rate in the shorter term.
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