AUD/USD reaches 2020 low level

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Source: Dukascopy Bank SA


The AUD/USD currency exchange rate reached the 0.7000 low level, which had not been touched since October 2020. The 0.7000 mark provided support and caused a recovery of the pair. During the early hours of Monday's US trading, the pair had reached above the 0.7050 level.

If the rate continues to surge, it could encounter resistance of the 0.7092/0.7096 zone. Above this zone, the upper trend line of a channel down pattern is located. In addition take into account the approaching 200-hour simple moving average near 0.7120 and the weekly R1 simple pivot point at 0.7119.

Meanwhile, a potential decline might once again look for support in the 0.7000 mark.
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Mon, 06 Dec 2021 15:38:04 GMT

GBP/JPY touches 149.00 level

The GBP/JPY currency pair ended trading in a triangle pattern with a drop to the 149.00 level. During the drop, the pair passed the support line of the channel down pattern, which had guided the rate since late October. The 149.00 mark provided support and caused a recovery. By the start of Monday's US trading hours, the rate had reached

Mon, 06 Dec 2021 15:26:51 GMT

EUR/JPY remains above 127.50

Despite shortly fluctuating below the 127.50 level on Friday, on Monday, the EUR/JPY currency exchange rate had recovered and reached the 128.00 mark. Meanwhile, the rate appeared to be ignoring the 50-hour simple moving average and the weekly simple pivot point. In the case that the rate continues to recover and reached above the 128.00 mark it would face the

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