AUD/USD surges to 0.7200

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


On Monday morning, the AUD/USD currency exchange rate reached the 0.7200 mark and the weekly simple pivot point at 0.7197. Meanwhile, the rate shortly found support in the 0.7180 mark and the 50-hour simple moving average near 0.7170.

If the currency pair surges above the 0.7200 mark, the 200-hour simple moving average near 0.7220 might act as resistance. Higher above, the weekly R1 might stop the AUD/USD at 0.7264.

Meanwhile, a decline might have to pass the 0.7180 mark and the 50-hour simple moving average near 0.7170, before aiming at the last week's low levels at 0.7140/0.7130.
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Mon, 10 Jan 2022 10:50:07 GMT

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