AUD/USD recovery reaches 0.7140

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


The recovery of the Australian Dollar against the USD has reached the 0.7140 mark. On Tuesday, the rate retraced down and fluctuated near the 0.7120 level.

If the currency exchange rate resumes its surge, it would have to pass the resistance of the 0.7140 mark, before aiming at the resistance zone at 0.7160/0.7170 and the weekly R1 simple pivot point at 0.7170. In addition, note the resistance of the January high level connecting trend line.

Meanwhile, a potential decline of the Aussie against the US Dollar might look for support in the 0.7100 mark and the 50-hour simple moving average. Further below, the 200-hour SMA could act as support near 0.7090. Below the SMA, the weekly simple pivot point is set to act as support at 0.7079.
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Tue, 08 Feb 2022 09:37:13 GMT

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