AUD/USD approaches 0.7100

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Tuesday morning, the Australian Dollar was approaching the 0.7100 mark. The move up occurred despite a 36 base point dip in the morning, which was caused by the Reserve Bank of Australia announcing that it would end quantitative easing.

If the pair passes the 0.7100 mark, the 200-hour simple moving average might serve as resistance at 0.7120. Above the SMA, note the weekly R1 simple pivot point at 0.7135.

Meanwhile, a potential decline of the pair could look for support in the 0.7050 mark and the weekly simple pivot point at 0.7052. In addition, note that the 0.7040 level has been observed as providing support. Moreover, the 50-hour simple moving average might act as support near 0.7033.
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Tue, 01 Feb 2022 09:38:02 GMT

GBP/JPY bounces off pivot point

On Monday, the GBP/JPY currency exchange rate bounced off the resistance of the weekly R1 simple pivot point at 155.33. Afterwards, a follow up decline found support in the 154.50 mark and the 200-hour simple moving average. Since mid-Monday, the rate has been trading between the 154.50 and 155.00 levels. If the pair breaks the resistance of the 155.00 mark, it

Tue, 01 Feb 2022 09:15:11 GMT

EUR/JPY surge reaches 129.50

The EUR/JPY currency pair hit the 129.50 mark on Tuesday morning. The round exchange rate level provided enough resistance for a retracement down below 128.30 to occur. In the near term future, the pair might find support in the weekly R1 simple pivot point at 129.09 and the 129.00 mark. Below these levels, the combination of the 50 and 200-hour

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