GBP/USD declines on Monday

Source: Dukascopy Bank SA
After touching the 1.2500 level on Friday, the GBP/USD began a decline, which was continuing on Monday morning.  

In general, the rate was expected to test the support of the weekly pivot point at 1,2416, the 55 and 100-hour simple moving averages, respectively, at 1.2400 and 1.2375. These support levels might force the pair into trading sideways.  

If these levels are passed, the pair would decline down to the technical support cluster that is located from 1.2314 to 1.2328.
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Mon, 16 Sep 2019 09:22:14 GMT

NZD/USD reveals new channel pattern

The New Zealand Dollar has revealed a new junior descending channel against the US Dollar. The currency pair depreciated by 38 basis points during Friday's trading session.

Mon, 16 Sep 2019 09:05:11 GMT

USD/CAD likely to maintain channel

The US Dollar appreciated about 77 basis points against the Canadian Dollar on Friday. The currency pair breached the monthly pivot point at 1.3277 during Friday's trading session.

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