EUR/JPY remains below 135.50

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Source: Dukascopy Bank SA


On Wednesday, the resistance of the 135.50 mark held and the EUR/JPY pair declined. By the middle of Thursday's trading, the rate had passed the support of the 50-hour simple moving average, the 134.75 mark and was approaching the 134.50 level.

If the rate continues to decline, it might encounter support in the April low level at 134.30/134.35. Further below, take into account the 134.00 mark and the weekly S1 simple pivot point at 133.83.

However, a potential recovery of the Euro against the Japanese Yen would have to pass the 134.75 mark, the 50 and 200-hour simple moving averages and the March high level connecting trend line, before approaching the 135.50 level.
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Thu, 07 Apr 2022 09:06:09 GMT

AUD/USD reaches low level zone

At the start of Thursday's trading hours, the AUD/USD currency exchange rate reached the late March low level zone, which kept the rate up from March 24 up to April 3. The zone is located at 0.7465/0.7475. If the currency pair declines below the support zone, the pair might look for support in the weekly S1 simple pivot point at 0.7448

Wed, 06 Apr 2022 19:33:57 GMT

Gold is still at previous levels

Despite shortly breaking above 1,940.00 mark and touching the 1,945.00 level, the price for gold returned to trade in the previous range between the support zone at 1,916.70/1,921.65 and resistance at 1,940.00. However, during Wednesday's trading, the price was finding resistance in the 200-hour simple moving average above 1,930.00. If the pair surges above the 200-hour simple moving average near 1,930.00,

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