EUR/USD breaks ascending pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Monday morning, the EUR/USD broke the lower trend line of the ascending wedge pattern, which guided it last week. However, the event does not necessarily signal a decline. 

The rate was more likely to trade sideways, as it had close by the support of a monthly and weekly pivot points and the 100 and 200-hour simple moving averages from 1.0945 to 1.0965.  

On the other hand, if the resistance of the 55-hour SMA fails to provide resistance, the rate could surge as high as 1.1028, where the first resistance of the weekly simple pivot points was located at.
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Mon, 07 Oct 2019 09:33:57 GMT

GBP/USD trades below resistance levels

On Monday morning, the GBP/USD declined below the simple weekly pivot point and the three hourly simple moving averages, which are used by Dukascopy Analytics.

Mon, 07 Oct 2019 09:09:53 GMT

NZD/USD tests support cluster at 0.6282

The New Zealand Dollar has depreciated by 46 pips against the US Dollar since Friday's trading session. The currency pair breached the lower boundary of an ascending channel at 0.6285 during the European trading session on Monday. 

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