AUD/USD pierces descending pattern

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


At midnight to Monday, the AUD/USD currency pair shortly reached above the weekly simple pivot point at 0.6945 and the 0.6950 level. However, after shortly touching the 0.6960 level, the rate declined back below 0.6900.

If the Australian Dollar declines against the US Dollar, the currency pair might look for support in the early Monday's low level at 0.6875, before approaching the last week's low levels at 0.6830/0.6835.

Meanwhile, a surge of the pair would have to pass the resistance of the 0.6910/0.6920 zone and the 100-hour simple moving average, before once again testing the 0.6945/0.6960 levels. Higher above, note the 0.7000 mark and the 200-hour simple moving average.
Back to articles

Actual Topics

Mon, 16 May 2022 10:37:54 GMT

GBP/JPY trades at 157.50/159.00

On Monday, the GBP/JPY currency exchange rate traded between the support of the 157.50 level and the 50-hour simple moving averages and resistance at 159.00/159.25. A move below the 157.50 level could look for support near the 157.00 mark, prior to approaching the last week's low level zone at 155.60/156.00. However, a potential surge might encounter resistance in the weekly simple pivot

Mon, 16 May 2022 09:59:12 GMT

EUR/JPY tests resistance zone

Since the start of this week's trading, the EUR/JPY currency exchange rate has been testing the resistance of the 134.28/134.42 zone. Meanwhile, during early Monday's trading, the 134.00 mark acted as support. A decline of the Euro against the Japanese Yen below the 134.00 mark and the 50-hour simple moving average would look for support in the 133.50 level.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.