AUD/USD reveals support zone

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


On Tuesday morning, the AUD/USD currency exchange rate adjusted to a USD surge, which was attributed to high US job openings data. During the pair's decline, it reached the 0.6840/0.6845 zone, which has continued to act as support on Wednesday. In the meantime, a potential recovery encountered resistance in the 0.6900 mark.

A decline below 0.6840/0.6845 range could find support in the weekly S1 simple pivot point at 0.6827, before the rate reaches the 0.6800 mark or the weekly S2 at 0.6765.

However, a recovery of the Australian Dollar compared to the US Dollar might encounter resistance in the 0.6900 mark and the 100 and 200-hour simple moving averages.
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