AUD/USD drops due to central bank

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


On November 2, the Reserve Bank of Australia published its Rate Statement. On the announcement, at 03:30 GMT, the AUD/USD increased volatility by bouncing around in a 28 pip range before declining 34 base points. During the seven hours following the announcement, the rate had already lost 64 base points.

At mid-day on Tuesday, the currency exchange rate's decline had paused at the late October low level zone at 0.7453/0.7458.

If the AUD/USD passes the October low level zone, it could look for support in the 0.7430/0.7440 zone, which has been providing both resistance and support in the past.

A potential recovery of the pair might reach the 0.7500 mark. This level has impacted the rate on its own. However, on Tuesday, the 0.7500 mark was expected to be strengthened by the 55 and 200-hour simple moving averages.
Back to articles

Actual Topics

Tue, 02 Nov 2021 11:44:27 GMT

GBP/JPY breaks pattern

On Tuesday morning, the GBP/JPY currency exchange rate passed below the lower trend line of the channel down pattern, which guided the rate throughout the second part of October. If the breaking of the pattern would be followed up by a decline, the rate could look for support in the 154.50 level and the weekly S2 simple pivot point at 154.41. However,

Tue, 02 Nov 2021 11:07:21 GMT

EUR/JPY pierces support zone

Despite being passed a couple of times, the 200-hour simple moving average together with the 55-hour simple moving average managed to cause a decline of the EUR/JPY currency exchange rate. On Tuesday, the rate's decline had passed the support zone at 131.57/131.66 and pierced the 131.50 mark. In the case that the rate continues to decline, it could aim at

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.