AUD/USD breaks resistance levels

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


The surge, which was caused by the Reserve Bank of Australia rate statement, eventually broke previous high levels, the 200-hour simple moving average, the channel down pattern and the weekly R1 simple moving average. Namely, all resistance was broken by the adjustment to the news about the future of the monetary policy of the Australian central bank.

On Wednesday morning, the pair retraced back down and used the weekly R1 simple pivot point at 0.7119 as support. Meanwhile, the pair had no resistance as high as the November 30 and December 1 high levels near 0.7170.

In the case that the rate continues to surge, it would have to face the previous high levels at 0.7170/0.7173. Above the high level zone, the 0.7200 might provide resistance, before the pair reaches the weekly R2 simple pivot point at 0.7236.

However, a decline of the Australian Dollar against the US Dollar might look for support in the weekly R1 simple pivot point at 0.7119. Afterwards, the 200-hour simple moving average at 0.7100 might act as support.
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Wed, 08 Dec 2021 08:57:54 GMT

GBP/JPY passes support level

Previously, the resistance of the 200-hour simple moving average was enough for the GBP/JPY to decline to the support of the 50-hour simple moving average near 150.15. The SMA pushed the rate up into the resistance of the 150.50 mark up to 07:00 GMT on Wednesday. At that hour, the SMA failed, and the pair retreated to the support

Wed, 08 Dec 2021 08:20:13 GMT

EUR/JPY remains below 128.50

The EUR/JPY rate approached the 128.50 mark on Tuesday morning, but failed to pass it. A following decline of the pair reached the 127.60 mark, which provided support for the rate to recover. By the start of Wednesday's European trading hours, the currency exchange rate had reached the 128.20 level where it encountered resistance. In the case that the pair

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