AUD/USD reaches above 0.7250

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Source: Dukascopy Bank SA


The support of the 0.7140 level was enough to cause a major surge of the AUD/USD rate. the surge shortly paused at 0.7200 and 0.7224/0.7230. During the midnight hour to Friday, the pair touched the 0.7280 level, before retracing down to look for support. Support appeared to be found in the 0.7250 mark and the weekly R2 simple pivot point at 0.7251.

If the rate resumes its surge, it could encounter resistance in the 0.7280 level and the 0.7300 mark. Higher above, take into account the 0.7335 level, where the weekly R3 simple pivot point is located at.

However, a decline of the rate below 0.7350 is set to look for support in previous resistance levels at 0.7224/0.7230 and 0.7200. Meanwhile, note that by large the pair has been ignoring the 50 and 100-hour simple moving averages.
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Fri, 03 Jun 2022 09:13:46 GMT

GBP/JPY reaches above resistance zone

During the night between Thursday and Friday, the GBP/JPY currency pair reached above the 162.95/163.30 zone. However, it was spotted that the 163.50 level had immediately acted as resistance. If the rate passes above 163.50, the GBP/JPY currency exchange rate might encounter additional resistance in the 164.00 and 164.50 levels, before reaching the weekly R3 simple pivot point at 164.69. On

Fri, 03 Jun 2022 08:22:57 GMT

EUR/JPY surge approaches 140.00

The 50-hour simple moving average has continued to push the EUR/JPY rate up. On Thursday, the pair reached above the 139.00 mark and the weekly R3 simple pivot point at 139.39. During the early hours of Friday's European trading, the pair reached above 139.50 and was heading to the 140.00 mark. The 140.00 level is also the April 2022

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