AUD/USD faces resistance at 0.7150

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Source: Dukascopy Bank SA


The AUD/USD currency exchange rate was testing the resistance of the 0.7150 mark on Monday morning. Meanwhile, the pair was being approached by the resistance of the 50-hour simple moving average.

If the pair declines, it could look for support in the Thursday and Friday low level zone above the 0.7110 mark. Below this zone, the rate might encounter support in the 0.7100 level.

However, a potential surge of the AUD/USD would have to pass the resistance zone at 0.7148/0.7156 and the 50-hour simple moving average. Above these levels, the upper trend line of the channel down pattern provides resistance.
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Mon, 29 Nov 2021 09:22:04 GMT

GBP/JPY reveals triangle pattern

Since Thursday, the GBP/JPY currency exchange rate has been trading in the borders of a descending triangle pattern. Namely, the pair has been trading between a support zone at 150.70/150.80 and the resistance line that connects the Thursday and Friday high levels. If the pair breaks out of the triangle to the upside, it could aim at the resistance of the

Mon, 29 Nov 2021 08:57:27 GMT

EUR/JPY reaches below 128.00

The EUR/JPY currency exchange rate has declined below the support of the 128.00 mark. In addition, on Monday morning, the pair confirmed the 128.00 level as resistance. Meanwhile, the 127.50 level provided support. Moreover, note that the rate has been declining in a channel down pattern since November 25. If the rate continues to decline, it would look for support

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