AUD/USD respects round levels

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


The AUD/USD has traded between the support of the 0.7040 and 0.7060 levels and the resistance of the 0.7100 and 0.7110 levels.

A potential decline is set to look for support first in the 0.7060 level and afterwards the 0.7040 mark together with the 200-hour simple moving average. Further below, note the 0.7000 mark and the zone above it. In addition, the weekly simple pivot point at 0.6994 could act as support.

On the other hand, a move above 0.7100/0.7110 might encounter resistance in the weekly R1 simple pivot point at 0.7112 and the Monday's high level zone at 0.7123/0.7127.
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Thu, 26 May 2022 14:23:25 GMT

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