AUD/USD reaches low level zone

Source: Dukascopy Bank SA


At the start of Thursday's trading hours, the AUD/USD currency exchange rate reached the late March low level zone, which kept the rate up from March 24 up to April 3. The zone is located at 0.7465/0.7475.

If the currency pair declines below the support zone, the pair might look for support in the weekly S1 simple pivot point at 0.7448 and the 0.7450 mark. Below the pivot point, note the early March high at 0.7440 and the weekly S2 simple pivot point at 0.7410.

On the other hand, a move upwards would most likely encounter resistance in the weekly simple pivot point at 0.7495 and the 0.7500 mark, before the 200-hour simple moving average near 0.7520 is approached.
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Thu, 07 Apr 2022 09:19:54 GMT

GBP/JPY trades around 162.00

Since the start of Wednesday's trading hours, the GBP/JPY currency exchange rate has been trading around the 162.00 mark. The range of volatility has been marked, as resistance and support can be observed. Support is found at 161.43/161.52 and resistance is located at 162.25/162.29. If the rate surges above the 162.30 level, the 162.50 and 162.75 levels might act as resistance,

Thu, 07 Apr 2022 08:45:20 GMT

EUR/JPY remains below 135.50

On Wednesday, the resistance of the 135.50 mark held and the EUR/JPY pair declined. By the middle of Thursday's trading, the rate had passed the support of the 50-hour simple moving average, the 134.75 mark and was approaching the 134.50 level. If the rate continues to decline, it might encounter support in the April low level at 134.30/134.35. Further

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