AUD/USD encounters resistance

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


The recovery of the Australian Dollar against the US Dollar appears to have ended at the 0.7160 mark. Namely, the pair bounced off this level at mid-day on Wednesday. By the start of Thursday's European trading hours, the currency exchange rate had reached the 0.7120 mark and the 50-hour simple moving average.

In the case that the 50-hour simple moving average pushes the rate up, the Australian Dollar would test the resistance of the 0.7160 mark, before reaching the 0.7200 mark and the trend line of the January high levels.

However, a decline of the pair below 0.7120 could look for support in the 200-hour simple moving average at 0.7100. Further below, there is no technical support as low as the weekly simple pivot point at 0.7052 and the 0.7050 mark.
Back to articles

Actual Topics

Thu, 03 Feb 2022 09:33:06 GMT

GBP/JPY tests 155.50 mark

On Thursday morning, the GBP/JPY currency exchange rate approached the 155.50 mark and began to test its resistance. Previously, on Wednesday, the 155.50 level stopped the rate's surge. In the case that the 155.50 level is properly passed, the pair could aim at the 156.00 level. Meanwhile, take into account that there are no technical levels providing resistance as high

Thu, 03 Feb 2022 08:48:12 GMT

EUR/JPY reaches new high level

On Thursday morning, the EUR/JPY currency exchange rate surged and reached a new February high level, as the 129.60 mark was touched. A continuation of the surge of the Euro against Japan could find resistance in the weekly R2 simple pivot point at 129.67. Above the pivot point, resistance could be provided by the 130.00 mark or the weekly

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.