AUD/USD approaches 0.7250 level

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


On Wednesday morning, the AUD/USD currency pair passed the resistance of the weekly S1 simple pivot point and the 50-hour simple moving average near 0.7210. By the middle of the day's European trading hours, the pair was approaching the resistance zone at 0.7240/0.7250.

If the Australian Dollar bounced off the 0.7240/0.7250 zone against the US Dollar, the pair might first look for support in the combination of the 0.7200 mark, the 50-hour simple moving average and the weekly S1 simple pivot point at 0.7213. Further below, note the 0.7150/0.7170 zone.

On the other hand, a surge above the resistance zone might find resistance near the 0.7300 mark, where the upper trend line of a channel up pattern is located at together with the 200-hour simple moving average.

However, take into account that at 18:00 GMT the US Federal Reserve will make a rate announcement and monetary policy summary. All technical indicators will be obsolete, as the markets take in the new fundamental information about the base cost and creation schemes of the US Dollar.
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Wed, 16 Mar 2022 10:28:07 GMT

GBP/JPY breaks resistance line

On Wednesday morning, the GBP/JPY passed the resistance of the February high level connecting trend line. In addition, it initially appeared that the 154.50 mark had started to act as support. A continuation of the surge of the rate might stop at the weekly R2 simple pivot point at 154.89, before approaching the 155.00 mark. Higher above, note the March high

Wed, 16 Mar 2022 09:58:20 GMT

EUR/JPY reaches above 130.00 level

The EUR/JPY passed above the 130.00 mark and the weekly R1 simple pivot point at 129.94. The clear move above the resistance occurred, as the 50-hour simple moving average approached the currency exchange rate. A potential surge of the rate higher is expected to find some resistance at the round exchange rate levels at 130.50, 131.00 and 131.50, before approaching

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