EUR/USD meets resistance

Source: Dukascopy Bank SA
The decline of the EUR/USD found support in the 1.1080 level and began a surge. The surge was stopped on Tuesday by the resistance of the 55-hour simple moving average and the psychological resistance of the 1.1100 level. 

In general, it was most likely that the rate would get pushed down by the 55-hour SMA to the support of a weekly and a monthly pivot points near the 1.1060 level. 

On the other hand, the rate might decline to the 1.1080 level and trade above it until the 100 and 200-hour simple moving averages provide additional resistance that pushes the rate down.
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Tue, 21 Jan 2020 10:08:36 GMT

NZD/USD decline likely to continue

The New Zealand Dollar has edged lower by 0.52% in value against the US Dollar since Monday's trading session. The currency pair was pressured south by the 100– hour simple moving average.

Tue, 21 Jan 2020 09:58:44 GMT

USD/CAD bullish momentum

The US Dollar declined by 28 basis points against the Canadian Dollar on Monday. However, today's trading session began with bullish momentum. By the middle of the day, the currency pair has appreciated by 0.25% in value.

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