USD/CAD decline reaches 1.2600

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Source: Dukascopy Bank SA


The decline of the USD/CAD has reached the 1.2600 mark. The round exchange rate level acted as support during Friday's early trading hours.

If the pair recovers, it would encounter resistance in the February low level at 1.2640, before approaching the 1.2650 mark and the 1.2650/1.2660 zone. In addition, note the weekly S1 simple pivot point at 1.2661 and the approaching 50-hour simple moving average.

Meanwhile, a potential decline below 1.2600 might look for support in the March low level at 1.2588. Further below, take into account the weekly S2 simple pivot point at 1.2566 and the 1.2550 mark.
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