AUD/USD once again bounces off 0.7400

Source: Dukascopy Bank SA


On Wednesday, the AUD/USD found support in the 0.7400 mark and started another short term recovery. On Thursday, the pair traded almost flat near the 0.7450 mark.

If the rate continues to surge, it would encounter resistance in the zone at 0.7490/0.7495 and the 100-hour simple moving average. Higher above, note the 0.7500 mark and the weekly simple pivot point at 0.7515.

Meanwhile, a decline is set to once again look for support in the major support zone at 0.7360/0.7425. A decline into the support zone might find additional support in the 0.7400 mark and the weekly S1 simple pivot point at 0.7369. The 0.7400 mark caused Tuesday's and Wednesday's recoveries.
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Thu, 14 Apr 2022 08:12:22 GMT

GBP/JPY respects pivot point

The surge of the GBP/JPY currency exchange rate has reached the resistance of the weekly R3 simple pivot point at 164.87. During the first half of Thursday's trading, it could be observed that the currency pair was trading in a 50 base point range around the 164.64 level, which is the March high level. In the case of a continued decline,

Thu, 14 Apr 2022 07:37:41 GMT

EUR/JPY recovery approaches 137.00 level

Since late Wednesday's trading, the EUR/JPY currency exchange rate was trading near one of the March high levels near 136.84. Meanwhile, on Thursday morning, the 136.50 level was acting as support. If the currency pair surges higher, the 137.00 mark is expected to act as resistance. Higher above, note the weekly R3 simple pivot point at 137.18 and the March high

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