AUD/NZD trades in ascending pattern

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


Since November 2021, the AUD/NZD currency exchange rate has been surging in a channel up pattern. Most recently, the rate encountered resistance in a zone that is located below 1.0800. The following decline passed the support of the 50-day simple moving average near 1.0700.

If the pair continues to decline, it would look for support in the 1.0650 mark. Meanwhile, the 1.0650 level was being crossed by the lower trend line of the channel up pattern. A breaking of the pattern and a move further down might stop at the 1.0600 mark and the support zone below it.

On the other hand, a recovery of the Australian Dollar against the New Zealand Dollar is set to first face the resistance of the 50-day simple moving average near 1.0700, before aiming at the 1.0800 mark.
Back to articles

Actual Topics

Wed, 09 Mar 2022 10:18:41 GMT

Brent oil reaches above 130.00

Sanctions that were set on Russia caused a jump of all oil prices. On the Brent oil price charts it resulted in the breaking of ascending channels and passing of 2014 high levels. Most recently, on March 8, the pair passed above the 130.00 mark. Meanwhile, note that the price is not trading technically. Namely, all moves occur due to

Tue, 08 Mar 2022 11:17:49 GMT

USD/CHF reveals triangle pattern

By large, the USD/CHF trades between the 0.9300 and 0.9150 levels in February. Meanwhile, the rate is being highly volatile, as risk on and risk off fundamental changes in the markets create inflows into the Swiss currency. In addition, it was spotted that the pair could be trading in a large scale triangle pattern. the pattern is marked by connecting

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.