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The 0.6450 level has revealed to be acting as support to the AUD/USD currency exchange rate. Meanwhile, resistance is found in the 0.6520 level. Moreover, note that the 50, 100 and 200-hour simple moving averages and the weekly R1 simple pivot point are being ignored by the rate.
A move below 0.6450 could pause at the weekly simple pivot point at 0.6434, prior to reaching the 0.6400 level.
However, a potential resumption of the surge of the Australian Dollar against the US Dollar would have to pass above the 0.6520 level and the Tuesday's high at 0.6547. Higher above, note that the 0.6600 level could act as resistance.
Wed, 05 Oct 2022 11:04:04 GMT
Source: Dukascopy Bank SA
The 0.6450 level has revealed to be acting as support to the AUD/USD currency exchange rate. Meanwhile, resistance is found in the 0.6520 level. Moreover, note that the 50, 100 and 200-hour simple moving averages and the weekly R1 simple pivot point are being ignored by the rate.
A move below 0.6450 could pause at the weekly simple pivot point at 0.6434, prior to reaching the 0.6400 level.
However, a potential resumption of the surge of the Australian Dollar against the US Dollar would have to pass above the 0.6520 level and the Tuesday's high at 0.6547. Higher above, note that the 0.6600 level could act as resistance.