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The decline of the AUD/USD reached below the 0.6850 mark and found support in the 0.6830 level on Thursday. By the middle of Friday's trading hours, the currency pair had recovered to the 0.6900 level, which acted as resistance. In addition, the 0.6900 level was strengthened by the 50-hour simple moving average.
A resumption of the decline of the Australian Dollar against the USD is set to look for support at 0.6850 and 0.6830, before approaching the 0.6800 and 0.6750 levels. Take into account the the 0.6750 has the close by support of the weekly S3 simple pivot point.
On the other hand, a surge above 0.6900 and the 50-hour simple moving average is highly likely going to encounter resistance in the 0.6910/0.6920 zone.
Fri, 13 May 2022 11:39:03 GMT
Source: Dukascopy Bank SA
The decline of the AUD/USD reached below the 0.6850 mark and found support in the 0.6830 level on Thursday. By the middle of Friday's trading hours, the currency pair had recovered to the 0.6900 level, which acted as resistance. In addition, the 0.6900 level was strengthened by the 50-hour simple moving average.
A resumption of the decline of the Australian Dollar against the USD is set to look for support at 0.6850 and 0.6830, before approaching the 0.6800 and 0.6750 levels. Take into account the the 0.6750 has the close by support of the weekly S3 simple pivot point.
On the other hand, a surge above 0.6900 and the 50-hour simple moving average is highly likely going to encounter resistance in the 0.6910/0.6920 zone.