AUD/USD finds resistance in pivot point

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


The surge of the AUD/USD passed the resistance of the March 10 high level in a sharp move up, not even testing the resistance zone. Afterwards, the rate revealed the zone's upper border by starting to find support in it. On Friday morning, the rate surged from the 0.7365/0.7372 zone and found resistance in the weekly R1 simple pivot point at 0.7409.

If the Australian Dollar passes above the weekly R1 simple pivot point against the US Dollar, the currency pair might find resistance in the March high level zone at 0.7432/0.7442.

On the other hand, a decline of the pair would have to pass the 0.7365/0.7372 zone before approaching the combination of the weekly simple pivot point at 0.7327 and the 50-hour simple moving average.
Back to articles

Actual Topics

Fri, 18 Mar 2022 09:45:49 GMT

GBP/JPY reacts to Bank of England

The GBP/JPY experienced a sharp drop on Thursday due to the Bank of England hiking interest rates, but revealing comments that indicated that less monetary tightening could occur in 2022. However, after the drop, the pair started to recover. On Friday morning, the pair had reached the 156.50 mark. In the meantime, the recent high levels have been marked as

Fri, 18 Mar 2022 09:06:20 GMT

EUR/JPY hits new high level

The decline of the Japanese Yen continues. On the EUR/JPY charts this has resulted in the pair approaching the 132.00 mark. However, it appears that the pair has encountered resistance, before reaching the round exchange rate level. Namely, there is a resistance zone at 131.84/131.92. If the pair reaches above the 131.84/131.92 level, might encounter resistance in the 132.00 mark,

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.