AUD/USD reacts to RBA statement

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


On December 7, the Reserve Bank of Australia published an official monetary policy statement. In addition, the official cash rate was revealed. The announcement caused a recovery of the Australian Dollar's value. By 09:00 GMT, the rate had already recovered 43 base points or 0.60%.

Meanwhile, from a technical analysis perspective, the rate had reached and pierced the resistance zone at 0.7092/0.7096. The pair did not extend its decline, as it found resistance in the 0.7100 level.

A passing of the 0.7100 level's resistance would most likely result in a test of the trend line, which connects the November 2, November 16 and December 1 high levels. In addition, note the 200-hour simple moving average near 0.7110 and the weekly R1 simple pivot point at 0.7119.

However, a decline of the AUD/USD might reach the support of the weekly simple pivot point at 0.7056, the 0.7050 mark and the 50-hour simple moving average near 0.7040. Below these levels, the 0.7000 mark might once again act as support.
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Actual Topics

Tue, 07 Dec 2021 09:40:17 GMT

GBP/JPY finds resistance in SMA

The GBP/JPY currency exchange rate has encountered resistance in the 200-hour simple moving average above the 151.00 mark. If the 200-hour simple moving average pushes the rate down, the GBP/JPY might decline to the combined support of the 50-hour SMA and the weekly simple pivot point at 150.09. Below the SMA and the pivot point, support is being provided by

Tue, 07 Dec 2021 08:56:34 GMT

EUR/JPY passes resistance zone

On Tuesday morning, the EUR/JPY currency exchange rate broke the resistance of the 128.20/128.30 zone, which had previously kept the rate down on Thursday and Friday. During the day's early European trading hours, the rate had encountered resistance in the weekly R1 simple pivot point at 128.43 and the 128.50 mark. The event was followed by a decline below

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