AUD/USD recovers to 0.7000

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


The US Federal Reserve caused a decline of the US Dollar on Wednesday despite actually hiking rates more than expected. The decline occurred due to what was said by the head of the Federal Reserve Jerome Powell. However, starting from midnight hours to Thursday, the US Dollar started to strengthen.

On the AUD/USD charts it resulted in an initial move above 0.7000, which turned into a decline. By the middle of Thursday's trading, the pair had declined and touched the 0.6950 level.

If the pair continues to decline, it is set to look for support in the 50-hour simple moving average near 0.6940, before reaching the weekly S2 simple pivot point and the 0.6900 mark. Further below, note the 0.6850 and 0.6800 levels, which have acted as support in the recent past.
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Thu, 16 Jun 2022 10:36:21 GMT

GBP/JPY declines below 161.00

On Thursday, the GBP/JPY currency pair declined. The decline started after a failed approaching of the resistance of the 100-hour simple moving average and the 164.00 mark. By the middle of Thursday's trading, the pair had declined and shortly reached below the 161.00 mark. In the meantime, the markets were expecting the Bank of England rate hike at 12:00 GMT.

Thu, 16 Jun 2022 09:54:15 GMT

EUR/JPY plummets on Thursday

On Thursday morning the Euro plummeted due to an European stock sell off. The stock sell off was attributed to the Swiss National Bank hiking the CHF interest rate and revealing information about the situation of the European economy as a whole. Namely, a spillover occurred. On the EUR/JPY charts the event resulted in a decline below the 138.00

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