AUD/USD continues to decline

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


The AUD/USD currency exchange rate extended its decline during Friday's trading, as the pair bounced off the technical levels at 0.7120 and by the middle of the day the 0.7065 level had been touched. Note that during the decline the pair mostly ignored the 0.7100 mark.

A continuation of the decline of the Australian Dollar against the USD might find support in the 0.7050 mark, prior to reaching the low level zone at 0.7030.

Meanwhile, a potential recovery of the currency exchange rate would have to pass the 100 and 200-hour simple moving averages together with the weekly simple pivot point at 0.7120. Higher above, the 0.7150 mark and the 50-hour simple moving average might act as resistance.
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Fri, 06 May 2022 12:31:43 GMT

GBP/JPY trades sideways after declining

On Thursday, at 11:00 GMT, the Bank of England crashed the value of the Pound by revealing that the bank expects an incoming recession and inflation above 10.00%. The GBP/JPY plummeted down from the 163.00 level to 160.33. Since the event, the GBP had recovered and revealed a resistance zone at 161.50/161.60 and support at 160.30/160.40. At mid-day on Friday,

Fri, 06 May 2022 11:14:24 GMT

EUR/JPY pierces resistance zone

During the first half of Friday's trading, the EUR/JPY currency exchange rate declined and found support in the 200-hour simple moving average, before suddenly surging to the resistance of the 138.00 mark and shortly reaching above it. If the Euro extends its gains against the Japanese Yen, the currency pair might encounter resistance in the 138.50 and 139.00 levels.

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