AUD/USD crashes all patterns

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


On Thursday, at 13:30 GMT, the monthly US Consumer Price Index data was published. The data caused an immediate drop of the USD, which was followed by a sharp recovery. After the recovery, a decline started. Namely, the volatility increased, as the markets took in the news and the chart adjusted to the new fundamentals.

During the volatility, the AUD/USD pair broke all pattern and ignored all technical levels, which is normal for high impact events during important periods. This time, the CPI release was important as it is a signal to what would the US Federal Reserve do with its monetary policy.

On Friday morning, the rate had reached below the 0.7120 level. If the decline continues, the currency pair might aim at the 0.7100 mark. A move below the 0.7100 mark might aim at the weekly simple pivot point at 0.7079.

Meanwhile, a potential surge could aim at the combined resistance of the weekly R1 simple pivot point and the 50-hour simple moving average at 0.7170. Higher above, note the 0.7200 mark and the weekly R2 simple pivot point at 0.7260.
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Fri, 11 Feb 2022 09:47:21 GMT

GBP/JPY breaks pattern

On Thursday, the GBP/JPY currency exchange rate broke the upper trend line of the channel up pattern and reached the 158.00 mark. However, the rate did not reach the 2021 high level at 158.23 and started a decline. By the start of Friday's European trading hours, the currency pair had found support in the 156.80 mark, the 50-hour SMA and

Fri, 11 Feb 2022 09:26:07 GMT

EUR/JPY reaches above 133.00 before declining

On Thursday, the EUR/JPY currency exchange rate reached above the 133.00 mark. However, the surge appears to have been stopped by the weekly R1 simple moving average at 133.19. The event was followed up by a decline. On Friday morning, the pair had returned to the 132.00 level, which acted as support. If the 132.00 mark provides enough support for

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