AUD/USD consolidates below high levels

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


On Thursday, the AUD/USD booked a new December high level before retreating to the 0.7140 level. Since the middle of Thursday's trading, up to the middle of Friday, the rate traded between the 0.7140 and 0.7160 levels. It appeared that the AUD was consolidating its gains against the USD, which were achieved since the finding of support at the 0.7000 mark.

In the case that the pair resumes its surge, it would face the December high level zone at 0.7173/0.7188. A move above the zone could find resistance first in the 0.7200 mark and afterwards the weekly R2 simple pivot point at 0.7236.

Meanwhile, a decline of the Aussie against the USD might look for support in the weekly R1 simple pivot point at 0.7119 and the 200-hour simple moving average near 0.7110.
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Fri, 10 Dec 2021 09:43:49 GMT

GBP/JPY reveals triangle pattern

On Friday morning, the GBP/JPY pair passed the resistance of the 50-hour SMA and the weekly simple pivot point near 150.00. However, the surge stopped. After a review, it was discovered that the this week's high and low levels can be connected to reveal a triangle pattern. Namely, the rate's surge was stopped by the upper trend line of the

Fri, 10 Dec 2021 09:19:47 GMT

EUR/JPY retreats to 128.00

The bounce off from the resistance of the 129.00 level eventually passed technical support levels on Friday morning. Namely, the EUR/JPY declined below a support zone, the 50 and 200-hour SMAs and the weekly R1 simple pivot point. However, by the start of the day's European trading hours, the pair found support in the 128.00 mark and slightly recovered.

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