AUD/USD fluctuates near moving averages

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


On Monday morning, the AUD/USD currency exchange rate surged, and by the start of the day's European trading the pair was located between the 50 and 200-hour simple moving averages at 0.7090 and 0.7110.

In the case of a surge, the pair might test the resistance of the February high levels at 0.7160/0.7170 and the weekly R1 simple pivot point at 0.7170. Above these levels, note the descending trend line, which connects the January high levels.

On the other hand, a decline of the Australian Dollar against the USD might look for support in the weekly simple pivot point at 0.7079, before reaching the February low level zone at 0.7035/0.7050.
Back to articles

Actual Topics

Mon, 07 Feb 2022 09:48:06 GMT

GBP/JPY returns to pre-rate-hike levels

At the end of last week, the GBP/JPY jumped due to the Bank of England hiking interest rates. However, the surge was stopped by the 156.50 mark. The event was followed by a decline, which on Monday morning passed below the support levels near 155.60 and reached the 155.50 level. If the pair continues to decline, it would have to pass

Mon, 07 Feb 2022 09:19:16 GMT

EUR/JPY reaches above 132.00

On Thursday, the EUR/JPY started a sharp surge, which was caused by the European Central Bank. Namely, comments made by the President of the European Central Bank Christine Lagarde were the catalyst of the rate reaching the 132.00 mark. This week, the rate had retraced down to the 50-hour simple moving average near 131.50. In addition, it was spotted that

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.