AUD/USD situation is unchanged

Source: Dukascopy Bank SA


In general, the AUD/UD has continued to steadily decline, as the rate has touched the 0.7400 mark and the 50-hour simple moving average acts as resistance and forces the pair down. In the near term future, the pair might get squeezed into the 0.7400 level by the moving average.

Above the 50-hour SMA, the 0.7500 mark might stop a surge. In addition, the 100 and 200-hour simple moving averages were approaching near the 0.7500 mark. Moreover, take into account the weekly simple pivot point at 0.7515.

On the other hand, a potential decline into the support zone of 0.7360/0.7425 might additional support not only in the 0.7400 level, but also the weekly S1 simple pivot point at 0.7369.
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Tue, 12 Apr 2022 09:15:58 GMT

GBP/JPY reveals resistance and support

The surge of the GBP/JPY encountered the resistance of the 163.80 level, before retracing down and finding support at 163.10. In the meantime, short term support and resistance was being found in the weekly R2 simple pivot point at 163.61. In the case of the pair surging, it would have to pass the weekly R2 simple pivot point at 163.61, the

Tue, 12 Apr 2022 08:45:18 GMT

EUR/JPY bounces off 137.00 level

The latest surge of the EUR/JPY currency pair encountered resistance in the 137.00 mark. Despite shortly being pierced, the pair started a decline, which retraced down to the 136.20 level. This level acted as support and by mid-Tuesday the rate had recovered to trade around the 136.50 mark. If the pair declines, it would first look for support in the

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