AUD/USD finds resistance in pivot point

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


At midnight to Thursday, the AUD/USD bounced off the resistance of the weekly S1 simple pivot point at 0.7469. By the start of the day's European trading, the rate had retreated to the weekly S2 simple pivot point at 0.7419. Previously, the rate pierced the pivot point. However, it found support in the 0.7412 level. Due to that reason the 0.7412/0.7420 level is marked on the chart.

If the pair passes the support zone of 0.7412/0.7420, it could look for support in the October 12 high and October 18 low level zone and the weekly S3 simple pivot point at 0.7376/0.7384.

On the other hand, a recovery of the rate would face the 50-hour simple moving average at 0.7440. Above the SMA, the weekly S1 simple pivot point at 0.7469 could once again act as resistance.
Back to articles

Actual Topics

Thu, 04 Nov 2021 09:58:21 GMT

GBP/JPY finds resistance in SMA

The GBP/JPY currency exchange rate's recovery found resistance in the 200-hour simple moving average near 156.20. On Thursday morning, the rate declined and reached the support of the 50-hour simple moving average near 155.40. A passing of the support of the 50-hour SMA could result in the rate looking for support in the weekly S1 simple pivot point at 155.19.

Thu, 04 Nov 2021 09:30:20 GMT

EUR/JPY plummets almost 100 points

At GMT midnight to Thursday, the EUR/JPY currency exchange rate bounced off the 132.56 level and began a decline. The decline gradually became sharper, as eventually the rate lost 95 base points. On Thursday morning, the rate ended the decline,as it found support in the 131.48/131.62 zone. If the support zone causes a recovery of the rate, it could aim

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.