AUD/USD hits new low level

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


The AUD/USD currency pair passed the support zone at 0.7092/0.7094. Namely, the support zone held for seventeen hours before it was passed. The event resulted in a decline, which by the start of Friday's European trading had almost reached the weekly S1 simple pivot point at 0.7056. In addition, the 0.7050 mark might serve as support.

In the meantime, note that the rate has reached an absolute 2021 low level. Namely, the pair is approaching the 2020 September and October low levels near 0.7000. In addition, it was spotted that the rate has been declining in a three times confirmed channel down pattern since the start of November. This pattern could guide the rate to the historical low level.

A continuation of the decline of the AUD/USD would have no technical support as low as the weekly S2 simple pivot point at 0.7012. Below the pivot point, the 0.7000 mark is close by. However, take into account that the pair might find support in round exchange rate levels like the 0.7050, 0.7040 and 0.7020.

On the other hand, a potential recovery of the pair would find resistance in the weekly S1 simple pivot point at 0.7072. Above the pivot point, the 0.7092/0.7094 zone might act as resistance. Higher above, the 50-hour SMA is located near 0.7110. Above the SMA, note the upper trend line of the November channel down pattern.
Back to articles

Actual Topics

Fri, 03 Dec 2021 08:00:31 GMT

GBP/JPY trades near 150.50

Since the last attempt to break out of the channel down pattern, the GBP/JPY rate has been trading in limbo around the 150.50 mark. Initially, it might appear that the rate is trading sideways. However, an in-depth look reveals that the pair has been forming a minor triangle pattern. Namely, the range of trading is decreasing until either buyers or

Fri, 03 Dec 2021 07:39:49 GMT

EUR/JPY finds resistance at 128.20

On Thursday, the EUR/JPY currency exchange rate found resistance in the 128.20 level. The 128.20 mark's resistance was tested two times, before a decline of the pair began. On Friday morning, the rate was being pushed down by the 50-hour simple moving average. If the pair continues to decline, it would most likely once again look for support in the

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.