AUD/USD recovers above 0.7000

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


The AUD/USD has broken the channel down pattern, which captures the rate's decline in the aftermath of the US FOMC Statement. The breaking occured via a surge. By the middle of Monday's trading hours, the pair had touched the 0.7060 mark.

A move above the 0.7060 level would leave the rate with no technical resistance as high as the weekly R1 simple pivot point and the 200-hour simple moving average at 0.7135. However, note that the 0.7100 mark might act as resistance.

Meanwhile, a potential decline could look for support in the 50-hour simple moving average near 0.7020, before once again approaching the 0.7000 mark.
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Mon, 31 Jan 2022 12:04:44 GMT

GBP/JPY surges above 155.00

The 155.00 mark provided enough resistance to the GBP/JPY pair for it to decline and break the channel up pattern. However, this week, a recovery started. By the middle of Monday's trading, the currency exchange rate had reached the 155.30 level and the weekly R1 simple pivot point at 155.33. If the rate declines from the 155.30 mark, the 50 and

Mon, 31 Jan 2022 11:47:04 GMT

EUR/JPY breaks patterns

On Monday morning, the EUR/JPY surged and broke the resistance of the junior and dominant channel down patterns. The following surge was stopped by the weekly R1 simple pivot point at 129.09. In the case that the rate declines, it could look for support in the combination of the weekly simple pivot point and the 50-hour simple moving average

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