AUD/USD surge reaches 0.7150 mark

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


The Australian Dollar continues to gain against the US Dollar, as the currency exchange rate reached the 0.7150 mark during the night to Wednesday. On Wednesday morning, the rate was trading sideways near the 0.7135 level. It was assumed that the pair was consolidating its gains before looking for future direction.

In the likely case that the pair resumes its surge it would most likely face the resistance of the 0.7150 mark. Further above, there is no technical resistance as high as 0.7200. Near that level, note the trend line, which connects the January high levels.

Meanwhile, a potential decline could look for support in the 200-hour simple moving average near 0.7110. In addition, the 50-hour simple moving average was approaching the 0.7100 mark from below.
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Wed, 02 Feb 2022 08:16:14 GMT

GBP/JPY recovers to 155.20

On Tuesday, the GBP/JPY recovered to the 155.20 level, which appeared to provide resistance. During Wednesday's trading, the pair was trading sideways between 155.00 and 155.20. In the meantime, the 50-hour simple moving average was approaching the currency exchange rate. If the support of the 50-hour simple moving average causes a surge, the rate would face the resistance of the weekly

Wed, 02 Feb 2022 07:42:41 GMT

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