AUD/USD retraces to support levels

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


The AUD/USD currency exchange rate's surge eventually bounced off the 0.7315 level. The event was followed by a decline. On Friday morning, the decline of the pair found support in the technical levels at 0.7264/0.7280. In that zone, the weekly R1 simple pivot point, the 50-hour simple moving average and a high and low level range was located.

If the currency exchange rate recovers, it would have no technical resistance as high as the weekly R2 simple pivot point at 0.7345. A move above the pivot point might test the November high and low level zone at 0.7360/0.7370.

Meanwhile, a decline of the Australian Dollar against the US Dollar would have to pass the technical levels int eh 0.7264/0.7280 zone, before aiming at the 200-hour simple moving average near 0.7220. Further below, the 0.7200 mark and the weekly simple pivot point at 0.7197 are expected to act as support.
Back to articles

Actual Topics

Fri, 14 Jan 2022 09:06:09 GMT

GBP/JPY reaches support of 156.00

The GBP/JPY has continued to fail at attempts to pass the the two January high level zones. In the second part of Thursday's trading, the failures resulted in a decline of the currency pair. On Friday morning, the rate had reached the 156.00 level and the support zone that is located above it at 156.00/156.12. If the currency exchange rate

Fri, 14 Jan 2022 08:40:49 GMT

EUR/JPY reaches support at 130.40

The EUR/JPY currency exchange rate approached the January 4 high level on Thursday. However, the rate did not even attempt a proper test of the resistance of the high level, before starting a decline. The following decline passed the 131.00 mark and the technical levels around it. By the start of Friday's European trading, the currency pair had reached

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.