AUD/USD surge reveals pattern

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


It was spotted on Friday that the AUD/USD currency pair has been surging in a channel up pattern on Wednesday and Thursday. At mid-day on Friday, the pattern was still intact.

If the currency exchange rate continues to surge, it would face the resistance of the weekly R2 simple pivot point at 0.7378, before reaching the 0.7400 mark.

However, a decline would almost immediately face the support of the channel up pattern, before approaching the 50-hour simple moving average and the January 2022 high level at 0.7315. Further below, note the weekly R1 simple pivot point and the support zone near 0.7280.
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Fri, 04 Mar 2022 13:54:29 GMT

GBP/JPY approaches February low level

At mid-day on Friday, the GBP/JPY currency exchange rate's decline was approaching the support of the February low level at 152.67. At the time of analysis, it appeared that the support is set to fail. A continuation of the decline of the Pound against the Japanese Yen could look for support in the 152.50 and 152.00 levels, before approaching the

Fri, 04 Mar 2022 13:39:07 GMT

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