AUD/USD breaks resistance

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


On Wednesday, the Australian Dollar passed the resistance zone at 0.7160/0.7170 and the resistance line of the January high levels against the US Dollar. On Thursday morning, the pair retraced and confirmed the zone as support. In addition, analysts have spotted that the rate has been surging in a channel up pattern since February 4.

If the currency exchange rate continues to surge in the channel up pattern, it would face the resistance of the 0.7200 mark, before reaching the 0.7250 mark and the weekly R2 simple pivot point at 0.7260.

However, a decline of the pair might look for support in the lower trend line of the channel pattern. Further below, the pair could find support in the weekly R1 simple pivot point at 0.7170 and the 50-hour simple moving average.
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Thu, 10 Feb 2022 10:12:32 GMT

GBP/JPY surges above 157.00

On Thursday morning, the GBP/JPY currency exchange rate jumped and reached above the 157.20 level. In the meantime, a channel up pattern was spotted on the pair's charts. If the pair continues to surge, it would eventually reach the resistance of the 157.50 mark and the weekly R2 simple pivot point at 157.72. Meanwhile take into account the upper trend

Thu, 10 Feb 2022 09:33:51 GMT

EUR/JPY breaks resistance zone

On Thursday morning, the EUR/JPY currency exchange rate broke the resistance zone at 132.00/132.25. The zone kept the rate down since February 4. Note that the breaking of the pattern occurred in a sharp move upwards, during which the pair passed the 132.50 mark. If the rate continues to surge, it would most likely aim at the 133.00 mark

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