AUD/USD trades between two zones

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


Despite piercing the February high level near 0.7290, the AUD/USD currency exchange rate did not surge. Instead, a decline occurred to the support zone at 0.7250. In the meantime, the channel up pattern, which recently guided the pair, was broken. Since the described events, the rate has been trading between the support zone at 0.7240/0.7250 and resistance at 0.7282/0.7285.

A decline below 0.7240 of the AUD/USD might find support in the 200-hour simple moving average near 0.7220, before the pair looks for support in the 0.7200 mark and the weekly simple pivot point at 0.7189.

Meanwhile, a surge above the previous February and March high levels near 0.7282/07285 would almost immediately face resistance at the 0.7300 mark and 0.7315 level where the January high is located at.
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Wed, 02 Mar 2022 09:43:37 GMT

GBP/JPY passes low level zone

The GBP/JPY currency rate shortly reached below the January low level zone at 152.90/153.15. However, afterwards the pair retraced back up and confirmed the zone at 153.38/153.48 as resistance. The zone captures the February low levels. If the Pound declines against the Japanese Yen and clearly passes below the 152.90/153.15 zone, the rate might look for support in the 152.50,

Wed, 02 Mar 2022 09:11:19 GMT

EUR/JPY reaches 127.50 level

Since the second part of Tuesday's trading hours, the EUR/JPY currency exchange rate has been trading between the 127.50 and 128.00 levels. Meanwhile, the currency pair was ignoring the support of the weekly S1 simple pivot point at 127.80. If the Euro continues to decline against the Japanese Yen, the currency rate would have to pass below the 127.50 mark,

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