USD/CAD recovery aims at 1.2600

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


The US Federal Reserve Meeting Minutes on Wednesday at 18:00 GMT boosted the recovery of the US Dollar against the Canadian currency. By the middle of Thursday's European trading hours, the rate had bounced off the 1.2570 mark and confirmed the 1.2540 level as support.

In general, the surge was expected to continue. Next target for the surge would be the March 28 spike high level at 1.2594 and the 1.2600 mark. In addition, note the weekly R1 simple pivot point at 1.2604. Higher above, it could be possible that the pair finds resistance in the February low level at 1.2640 and a trend line, which connects the Tuesday and Wednesday high levels.

On the other hand, a decline is expected to look for support in the 1.2530/1.2540 zone and the trend line, which connects the recent low levels of the trend line. Further below, note the weekly simple pivot point at 1.2517 and the zone at 1.2500/1.2510. In addition, the zone is being crossed by the 50 and 200-hour simple moving averages.
Back to articles

Actual Topics

Thu, 07 Apr 2022 11:03:41 GMT

EUR/USD trades around 1.0900

Since the start of Wednesday's trading, the EUR/USD has been fluctuating between a resistance zone at 1.0940 and support near 1.0880. However, at mid-day on Thursday, the 1.0880 mark was pierced, as the rate shortly traded below it. Meanwhile, it was observed that the 50-hour simple moving average had caught up with the pair from above and was acting

Thu, 07 Apr 2022 09:19:54 GMT

GBP/JPY trades around 162.00

Since the start of Wednesday's trading hours, the GBP/JPY currency exchange rate has been trading around the 162.00 mark. The range of volatility has been marked, as resistance and support can be observed. Support is found at 161.43/161.52 and resistance is located at 162.25/162.29. If the rate surges above the 162.30 level, the 162.50 and 162.75 levels might act as resistance,

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.