AUD/USD declines below 0.7050

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


On Monday morning, the AUD/USD currency exchange rate declined below the 0.7050 mark and a support zone at 0.7055/0.7075. Meanwhile, last week's second half high levels have been marked and make up a resistance zone at 0.7160/0.7190.

If the Australian Dollar declined against the USD, the pair might look for support in the 0.7000 mark and the weekly S1 simple pivot point at 0.6992. Further below, note the 0.6950 level and the weekly S2 simple pivot point at 0.6925.

Meanwhile, a recovery of the Australian currency, compared to the US Dollar, might encounter resistance int he 50 and 100-hour simple moving averages near 0.7100 and the weekly simple pivot point at 0.7121.
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Mon, 02 May 2022 11:36:52 GMT

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