AUD/USD continues to decline

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


The AUD/USD passed the support of the weekly S2 simple pivot point at 0.7419 and the 0.7412/0.7420 zone. This event resulted in a decline to the October 12 high and October 18 low level zone and the weekly S3 simple pivot point at 0.7376/0.7384, as described in the first scenario on Thursday.

If the pair declines below the mentioned support levels, it would have almost no technical support. The only exception is a recently added channel down pattern's lower trend line. In addition, note that round exchange rate levels like the 0.7350 and 0.7300 could act as support.

On the other hand, a recovery of the pair from the support zone might aim at the resistance of the weekly S2 simple pivot point and the 0.7412/0.7420 zone. Note that the zone was reached by the 50-hour simple moving average on Friday morning.
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Actual Topics

Fri, 05 Nov 2021 08:54:55 GMT

GBP/JPY pierces support levels

On Friday morning, the GBP/JPY passed the support of the weekly S3 simple pivot point at 153.10 and touched the 153.00 mark. In the case that the rate extends the decline, it would have no technical support. Namely, the 152.50 and 152.00 levels could act as support. These levels provided resistance during the pair's early October surge. On the other hand,

Fri, 05 Nov 2021 08:27:25 GMT

EUR/JPY almost reaches 131.00 level

The decline of the EUR/JPY passed the support zone that is located at 131.48/131.62. The rate continued to decline until it reached the 131.02 level. Due to that reason it is assumed that the 131.00 mark might act as resistance. Meanwhile, on Friday morning, the currency exchange rate was testing the resistance of the previously passed 131.48/131.62 zone. The near

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