AUD/USD passes low level zone

Source: Dukascopy Bank SA


On Friday morning, the AUD/USD currency pair passed below the 0.7465/0.7475 zone. However, support was almost immediately found in the 0.7460 mark.

A continuation of the decline would result in the pair looking 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 above the 0.7465/0.7475 would most likely encounter resistance in the weekly simple pivot point at 0.7495, the 50-hour SMA and the 0.7500 mark, before the 200-hour simple moving average near 0.7520 is approached.
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Fri, 08 Apr 2022 09:13:58 GMT

GBP/JPY shortly pierces resistance zone

The only notable update on the GBP/JPY charts is the fact that the rate shortly traded above the resistance zone at 162.25/162.29. However, shortly afterwards, the pair declined to trade back between 161.43/161.52 and 162.25/162.29. Due to the piercing of the resistance zone, the scenario of a surge is more likely. If the rate surges above the 162.30 level, the 162.50

Fri, 08 Apr 2022 08:41:05 GMT

EUR/JPY trades in 100 point range

On Thursday, the EUR/JPY pair passed above the resistance levels in the 134.75/135.50 range. Afterwards, the 135.50 mark acted as resistance and caused a decline, which reached and confirmed the 134.30/134.40 zone as support. At mid-day on Friday, the pair had found support in the 134.30/134.40 zone and approached the 135.00 level, which appeared to be acting as resistance.

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