AUD/USD declines from new high

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


On Thursday, the AUD/USD currency pair booked a new December high level at 0.7224. The rate bounced off this level and started a decline. By the start of Friday's European trading hours, the rate had reached the 0.7160 level. During the decline, the pair had passed a support zone that surrounds the 0.7180 mark and the 50-hour simple moving average.

A continuation of the decline of the Aussie against the USD might look for support in the 200-hour simple moving average near 0.7140 and the zone at 0.7136/0.7142. Below these levels, the weekly simple pivot point at 0.7121 might act as support.

However, a recovery of the rate would have to pass the 0.7173/0.7188 zone, before aiming at the December high level at 0.7224.
Back to articles

Actual Topics

Fri, 17 Dec 2021 08:38:04 GMT

GBP/JPY breaks pattern and books new high

The Bank of England unexpectedly hiked interest rates on Thursday at 12:00 GMT. However, prior to the hike and surge that was caused by it, the rate broke the upper trend line of the channel down pattern, which has guided the rate since late October. Afterwards, anew December high level was booked at 152.65 On Friday morning, the rate was

Fri, 17 Dec 2021 08:01:56 GMT

EUR/JPY reacts to ECB statement

The EUR/JPY currency exchange rate was surging on Thursday, as it reached above the 129.60 mark during the second half of the day's trading. However, at 13:30 GMT, the European Central Bank press conference started, during which information was revealed that beat down the value of the Euro. By 16:00 GMT, the rate had reached the 128.45 level, where

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.