AUD/USD continues to decline

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


By the start of Wednesday's trading, the AUD/USD rate had reached the 0.6920 level. The pair was extending the decline, which started after the failed attempt to reach above the 0.6980 level.

However, on Wednesday, technical analysis is set to be obsolete for all USD pairs, as the US Federal Reserve is set to announce a rate hike at 18:00 GMT. The currency is set to adjust to the announcement of the rate, the release of the Monetary Policy Statement and the follow up press conference.

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Wed, 27 Jul 2022 14:49:47 GMT

GBP/JPY breaks pattern

The GBP/JPY currency exchange rate has moved above the resistance line of the channel down pattern. On Wednesday, the rate traded around the 165.00 mark and ignored the round level's resistance and support. Meanwhile, it appeared that the 200-hour simple moving average was acting as support near 164.80. In the case of the Pound surging against the Japanese Yen, the rate

Wed, 27 Jul 2022 14:33:41 GMT

EUR/JPY breaks pattern

The channel down pattern has failed to push the EUR/JPY down, as the rate has passed above the pattern's resistance line. Meanwhile, it appeared that the 139.00 mark and the 50-hour simple moving average continued to act as resistance. Support was being provided by the 138.50 level. If the Euro resumes its decline against the Japanese Yen, the pair might

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