AUD/USD breaks resistance levels and approaches 0.7200

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


The Australian Dollar has surged against the US Dollar above the resistance levels near 0.7110/0.7120. By the middle of the Monday's European trading the rate was heading to the 0.7200 level, which was expected to act as resistance. In addition, the weekly R1 simple pivot point was located at 0.7204.

A move above 0.7200 and the 0.7204 levels is set to approach the 0.7250 mark and the weekly R2 simple pivot point. Higher above, note the upper trend line of the channel up pattern, which has captured the recent surge of the currency pair.

Meanwhile, a potential decline of the pair could look for support in the 0.7160 and 0.7140 levels, which have been acting as support and resistance during Friday's and Monday's trading. Afterwards, note the 0.7100/0.7110 zone.
Back to articles

Actual Topics

Mon, 30 May 2022 09:59:44 GMT

GBP/JPY tests resistance zone

On Monday, the GBP/JPY currency pair once again tested the 160.70/161.00 zone. At 10:00 GMT, the rate appeared to have successfully passed the resistance. A continuation of the surge of the pair is expected to encounter resistance in the 161.50 mark and the weekly R1 simple pivot point at 161.68. Higher above, note the May high level zones at 161.75/161.80

Mon, 30 May 2022 08:58:25 GMT

EUR/JPY reaches above resistance zone

On Monday morning, the EUR/JPY currency exchange rate passed above the high level zone, which had kept the rate down since May 11. Meanwhile, it was spotted that during the same time period the pair has been finding support in an ascending trend line. Combining the support and resistance, one can spot an ascending triangle pattern. In theory, the

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.