AUD/USD remains above support zone

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


On Tuesday, the AUD/USD currency pair broke the resistance of the 50 and 100-hour simple moving averages and approached the resistance zone at 0.7490/0.7495. By the middle of Wednesday's trading, the rate had declined to the major support zone at 0.7360/0.7425.

A decline into the support zone might find additional support in the 0.7400 mark and the weekly S1 simple pivot point at 0.7369. Take into account that the 0.7400 mark caused the Tuesday's surge.

Meanwhile, a potential surge would most likely encounter resistance in the 0.7490/0.7495 zone and the 200-hour simple moving average, before approaching the 0.7500 mark and the weekly simple pivot point at 0.7515.
Back to articles

Actual Topics

Wed, 13 Apr 2022 08:44:31 GMT

GBP/JPY resumes surge and reaches new high

The retracement down of the GBP/JPY pair ended at the weekly R1 simple pivot point at 162.80. By Wednesday morning, the rate had resumed its surge, and by the middle of the day new high levels were being booked. Namely, the pair reached above the 164.00 mark. A continuation of the Pound against the Japanese Yen might encounter resistance in the

Wed, 13 Apr 2022 08:26:13 GMT

EUR/JPY finds support in moving average

The decline of the EUR/JPY currency exchange rate found support in the 100-hour simple moving average near 135.55. By the middle of Wednesday's trading hours, the pair had reached the 136.75 level. A continuation of the surge of the Euro against the Japanese Yen might encounter resistance in the March high levels at 136.84, 137.31 and 137.54. In addition,

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.