AUD/USD jumps 1.12%

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


On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. On the AUD/USD charts the event caused a sharp surge, which broke one resistance level after another. Namely, a 81 base point or 1.12% surge occurred.

In the aftermath of the surge, the rate retraced down to find support in the late December high level zone at 0.7273/0.7279. On Thursday, the pair resumed its surge, as the support zone was strong enough to cause a move above the resistance of the 0.7300 mark.

The AUD/USD currency pair could eventually find resistance in the weekly R2 simple pivot point at 0.7345. Above the pivot point, note the 0.7360/0.7370 zone, which acted as both resistance and support in November 2021. Further above, the pair might stop at the 0.7400 level.

Meanwhile, a decline of the pair would look for support in the 0.7273/0.7279 zone. Below the zone, the weekly R1 at 0.7264 might act as support. Further below, take into account the approaching 50-hour simple moving average near 0.7235.
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Thu, 13 Jan 2022 09:44:33 GMT

GBP/JPY tests high levels

Throughout January, the GBP/JPY currency exchange rate has been making attempts to pass two high level zones that continue to act as resistance. On Wednesday, the pair bounced off the 157.72/157.77 zone and retreated to the 157.80 mark. During the early hours of Thursday's trading, the pair had recovered and moved above the resistance zone of 157.38/157.45. If the GBP continues

Thu, 13 Jan 2022 08:41:30 GMT

EUR/JPY finds support in SMA

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