AUD/USD reveals pattern and surges

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


On Friday, the a channel up pattern was spotted on the AUD/USD channel on Friday morning, as the pair bounced off the lower trend line of the pattern and began a surge. By the start of the day's European trading hours, the currency exchange rate had reached above 0.7220.

If the Australian Dollar continues to surge against the US Dollar, the pair might find resistance in the weekly R1 simple pivot point at 0.7241, before reaching the February high level at 0.7250.

On the other hand, a decline of the currency rate might find support in the 0.7200 mark, the 50-hour simple moving average and the lower trend line of the channel up pattern. If the pattern is broken, the pair might reach for the support of the 200-hour simple moving average near 0.7160 and the weekly simple pivot point at 0.7153.
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Fri, 18 Feb 2022 10:26:13 GMT

GBP/JPY pierces resistance zone

At mid-day on Friday, the GBP/JPY pair passed the resistance zone that is located at 157.00/157.12. In the meantime, support was being provided by the 50 and 200-hour simple moving averages and the weekly simple pivot point at 156.65/156.70. If the pair continues to surge, the GBP/JPY rate might find resistance in the 157.50 and 158.00 levels, before reaching the 2021

Fri, 18 Feb 2022 09:38:21 GMT

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