AUD/USD reacts to central bank

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


On August 2, the Reserve Bank of Australia hiked its Cash Rate from 1.35% up to 1.85%. The 0.50% hike was expected, as most central banks have been tightening monetary policy to fight inflation that has been rampant in the aftermath of the coronavirus stimulus.

The AUD/USD reacted to the hike with a decline, which over the span of four hours extended to almost 100 base points or 1.40%. Namely, the markets took in the comments in the statement as indicative of an end to the ongoing hiking cycle.

By the start of Tuesday's US trading hours at 13:30 GMT, the rate appeared to have found support in the 0.6920 level. If the rate recovers, the pair might encounter resistance in the combination of the 200-hour simple moving average, the 0.6960 level and the weekly simple pivot point at 0.6966.

However, a decline of the pair could look for support in the 0.6900 level and the weekly S1 simple pivot point at that level.
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Tue, 02 Aug 2022 14:15:34 GMT

GBP/JPY declines below 160.00

The GBP/JPY currency exchange rate has failed to find support in the support zone above 160.00. However, on Tuesday morning, the pair found enough support in the 159.50 level to start a recovery. By the middle of the day, the rate had reached back above 160.00. If the Pound continues to gain value against the Japanese Yen, resistance might be found

Tue, 02 Aug 2022 13:58:05 GMT

EUR/JPY decline reaches 133.50

At mid-day on Tuesday, the decline of the Euro against the Japanese Yen hit the 133.50 level, which acted as support. The decline has been ongoing with round exchange rate levels managing to act as support and resistance. If the pair continues to decline, the 133.00 and 132.50 levels are set to act as support. On the other hand, note

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