AUD/USD remains in previous range

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Source: Dukascopy Bank SA


The AUD/USD currency pair has been trading between the support of the 0.7143/0.7146 zone and the resistance levels at 0.7170/0.7185 since early Thursday hours. Due to that reason, by large, the previous forecasts remain unchanged.

In the case that the AUD/USD continues to decline, it could find support in the 0.7100 mark, before reaching the December 20 low level at 0.7083.

Meanwhile, a move above the resistance levels at 0.7170/0.7185 might find resistance at 0.7220/0.7235. At the 0.7220/0.7235 range the 50 and 200-hour simple moving averages are located together with the weekly S1 simple pivot point.
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Fri, 07 Jan 2022 10:57:44 GMT

GBP/JPY extends recovery

On Friday morning, the GBP/JPY currency exchange rate passed the resistance of the 50-hour simple moving average near 156.90. However, instead of surging, the pair started to fluctuate around the moving average. In the case of a decline, the pair is expected to look for minor support in the 156.50 mark, before aiming at the 156.00 mark. The 156.00 level

Fri, 07 Jan 2022 10:34:08 GMT

EUR/JPY remains in pattern

Since the middle of Thursday's trading hours, the EUR/JPY currency exchange rate has been slowly ascending, as it was being pushed up by the channel up pattern's lower trend line. The pattern has guided the rate since December 19. At mid-day on Friday, the pair was piercing the 131.00 mark and the 50-hour simple moving average. If the Euro continues

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