AUD/USD finds resistance in SMA

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


The AUD/USD encountered the technical resistance of the 200-hour simple moving average at 0.7370 on Tuesday morning. Since the encounter, the currency pair has been declining. By the middle of Wednesday's trading hours, the rate had reached the 0.7263 level. In addition, note that the 0.7300 mark was confirmed as a resistance, as the pair bounced off it.

In the case that the AUD/USD continues to decline, it could reach the support of the weekly S1 simple pivot point at 0.7259. Below the pivot point, the October 6 low level zone might provide support.

However, a potential surge would have to first pass the resistance of the 0.7300 mark, before aiming at the 50-hour simple moving average near 0.7320.
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Wed, 17 Nov 2021 11:51:58 GMT

GBP/JPY reaches new high level

On Wednesday morning, the surge of the GBP/JPY currency exchange rate reached the 154.75 level. The surge as fueled by the higher than expected UK inflation data, which signals that there is a larger local demand for the currency, as larger sums are being circulated. In the case that the rate continues to surge, it would have to pass the resistance

Wed, 17 Nov 2021 11:33:21 GMT

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