AUD/USD reaches above 0.7400

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


On Wednesday, the AUD/USD currency pair reached above the 0.7400 mark and approached technical resistance levels near 0.7420. In the meantime, analysts spotted that the rate has been recovering this week in a channel up pattern.

A surge above the 0.7420 level and the upper trend line of the channel up pattern might encounter resistance in the weekly R1 simple pivot point at 0.7459. Higher above, note the 0.7492/0.7495 zone and the 0.7500 mark.

On the other hand, a decline of the Australian Dollar, compared to the US Dollar, might look for support in the 0.7400 mark, the 100-hour simple moving average and the lower trend line of the channel up pattern near 0.7390. Further below, note the 50-hour simple moving average.
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Wed, 20 Apr 2022 08:53:05 GMT

GBP/JPY retraces downwards on Wednesday

At midnight to Wednesday, the GBP/JPY pair encountered resistance at 168.35/168.45. During the first half of the day's trading, the pair was looking for support, as the 166.73/167.09 zone was observed to be acting as one. A move below the 166.73 level might look for support in the 50-hour simple moving average near 166.40 and the weekly R2 simple pivot

Wed, 20 Apr 2022 08:32:12 GMT

EUR/JPY surge almost reaches 140.00

At midnight to Wednesday, the EUR/JPY currency pair hit resistance at 139.60/139.70. During the early hours of the day's trading, the currency rate had retreated to a support zone at 138.30/138.85. In the case that the Euro resumes its surge against the Japanese Yen, the rate might once again encounter resistance at 139.60/139.70. Higher above, take into account the 140.00

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