AUD/USD surges above 2020 high level

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


On Thursday, the Australian Dollar against the US Dollar pair surged above the January high level at 0.7315, which is also the 2022 high. At mid-day, the currency pair faced no resistance as high as the 0.7378 level.

If the pair continues to surge, the currency exchange rate could aim at the weekly R2 simple pivot point at 0.7378. However, take into account that the 0.7350 mark might act as resistance. Above the pivot point, the 0.7400 level is also capable of acting as resistance. That is assumed due to the way how the 0.72000 and 0.7300 levels have impacted the rate.

Meanwhile, a potential decline of the Australian Dollar against the USD could look for support in the January high level at 0.7315, before the pair declines to the support zone and the 50-hour simple moving average near 0.7280.
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Thu, 03 Mar 2022 15:18:56 GMT

GBP/JPY bounces off resistance zone

On Thursday morning, the GBP/JPY currency exchange rate bounced off the resistance zone, which is located above the 155.00 mark. Previously, it was not expected that the rate would score such sharp gains and reach higher than 154.00. If the currency exchange rate continues to decline, the pair might look for support in the 154.00 mark and the 50-hour simple

Thu, 03 Mar 2022 14:02:54 GMT

EUR/JPY reveals support and resistance

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