AUD/USD decline continues

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


During the second part of Tuesday's trading, the AUD/USD currency pair reached below the 0.6900 mark. In the meantime, it was spotted that the rate has been declining in a narrow channel down pattern since January 9.

A continuation of the Australian Dollar's decline against the US Dollar is set to look for support first in the 0.6850 level. Further below, note the lower trend line of the channel down pattern, before the 0.6800 mark and the weekly S3 simple pivot point at 0.6763 are reached.

Meanwhile, a potential recovery of the Australian Dollar would face resistance in the combination of 0.6900 and the weekly S2 simple pivot point. Higher above, note the upper trend line of the channel down pattern and the 0.6950 level.
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Tue, 14 Jun 2022 14:56:21 GMT

GBP/JPY reaches 161.50

During the second part of Tuesday's trading hours, the GBP/JPY currency pair reached the 161.50 level. Meanwhile, note that the rate has been piercing the lower trend line of the channel pattern, which has been guiding the rate down. In general, it indicates that the decline of the Pound against the Japanese Yen might accelerate. A move below the support

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