AUD/USD breaks descending pattern

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


On Friday morning, he AUD/USD broke the channel down pattern, which had guided the rate since April 21. From a fundamental aspect the breaking of the pattern occurred due to news that the Reserve Bank of Australia is set to raise interest rates on Tuesday. Meanwhile, it could be observed on the US Dollar index chart that the USD was retracing back after surging above the 2017 high level and touching 2002 levels.

In the case of the pair continuing to surge, the rate might encounter resistance in the 0.7200 mark. Higher above, there is a resistance zone located at 0.7230/0.7235. Above the zone, take into account the 0.7250 mark and the 200-hour simple moving average.

On the other hand, a decline of the Australian Dollar's value, compared to the US Dollar, could find minor support in the 50 and 100-hour simple moving averages near 0.7120 and 0.7140. Below the moving averages, the 0.7100 mark is capable of acting as a support level.
Back to articles

Actual Topics

Fri, 29 Apr 2022 06:20:12 GMT

GBP/JPY finds support in pivot point

The resistance of the 164.10/164.25 zone was strong enough to cause a decline of the GBP/JPY. The decline eventually found support in the weekly S2 simple pivot point at 162.23. Afterwards, since the middle of Thursday's trading, the pair has been fluctuating around the 163.00 mark. A surge of the Pound against the Japanese Yen would most likely test the resistance

Fri, 29 Apr 2022 05:42:38 GMT

EUR/JPY remains below 138.00

Since the middle of Thursday's trading hours, the EUR/JPY currency exchange rate has been fluctuating between the support of the 137.00 level and resistance at 138.00. A move above the 138.00 level might encounter resistance in the weekly simple pivot point at 138.39 and the 138.50 mark. Higher above, take into account the 139.00 and 139.50 levels, and the August

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.