AUD/USD resumes its decline

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


The recovery of the AUD/USD ended at the 0.7450 level. By the middle of Wednesday's European trading hours, the rate had reached the support of the 0.7419 level, where the weekly S2 simple pivot point was located at.

If the rate passes the support of the weekly S2 simple pivot point at 0.7419, the AUD/USD would most likely reach for the 0.7400 mark. Below the 0.7400 mark, the AUD/USD could find support in the 0.7380/0.7385 zone and the weekly S3 simple pivot point at 0.7376.

However, a recovery of the AUD/USD would find resistance in the 0.7450/0.7458 zone. Above the zone, note the 50-hour simple moving average and the weekly S1 simple pivot point near 0.7470.
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Wed, 03 Nov 2021 15:16:16 GMT

GBP/JPY recovers despite piercing support

Despite passing the support line of the channel down pattern on Tuesday, the GBP/JPY currency exchange rate did not decline. Instead, the pair traded sideways above the 155.00 level, before starting a surge at mid-day on Wednesday. At mid-day on Wednesday, the rate had reached the resistance zone at 155.75/155.90. The zone had impacted the rate on October 14, as a

Wed, 03 Nov 2021 14:53:20 GMT

EUR/JPY recovers on Wednesday

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