AUD/USD is below 0.7000

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


On Friday morning, the AUD/USD currency exchange rate passed below the 0.7000 mark. The 0.7000 level stopped the pair's declines in December 2021, October and September of 2020. The rate has traded above this level since July 2020.

Meanwhile, it was spotted that the post-Fed rate announcement decline has been occurring in a channel down pattern.

If the currency exchange rate continues to decline, it would have no technical support, except the lower trend line of the channel down pattern. Namely, the pair has passed all weekly pivot points and low levels, which have impacted it for more than one and a half year.

However, note that the pair can clearly be marked as oversold due to it having moved too much away from average prices. Despite that, the move is a fundamental adjustment to the market expecting the US rate hikes.
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Fri, 28 Jan 2022 10:51:31 GMT

GBP/JPY reveals pattern

The GBP/JPY has continued to surge due to the support of the 50-hour simple moving average and the lower trend line of the channel up pattern. The pattern was spotted late on Thursday, as the pair pierced the 50-hour simple moving average's support, but still recovered. On Friday morning, the rate had approached the 155.00 mark and the weekly simple pivot

Fri, 28 Jan 2022 10:25:03 GMT

EUR/JPY approaches dominant trend line

Since January 21, the EUR/JPY has continues to trade in a channel down pattern. On Friday, the rate was approaching the upper trend line of a dominant pattern. The dominant pattern has been guiding the rate since mid-January. If the currency exchange rate breaks the dominant pattern's resistance line, the EUR/JPY might aim at the upper trend line of the

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