EUR/USD breaks resistance line

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Monday, the EUR/USD broke the resistance of the descending trend line, which kept the rate down since December 17. However, the following break out up was stopped by the resistance of the high level of December 21 and 22. By the start of Monday's US trading hours, the currency exchange rate had retraced to the support of the hourly simple moving averages and the weekly simple pivot point.

In regards to the near term future, the rate was expected to once again test the previous high level at 1.2250. If this level gets passed, the pair would aim at the weekly R1 simple pivot point at 1.2262.

On the other hand, if the rate fails to pass the 1.2250 level, it should trade sideways until the hourly simple moving averages approach the rate and push it higher.
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Mon, 28 Dec 2020 14:16:29 GMT

GBP/USD breaks pattern

In the near term future, the rate was expected to be pushed up by the 100 and 200-hour simple moving averages. A surge should reach for the combined resistance of the 55-hour SMA and the upper trend line of the recently added channel down pattern. If the described resistance levels hold, the rate should test the support of the 100 and

Mon, 28 Dec 2020 09:42:24 GMT

NZD/USD likely to edge higher

The New Zealand Dollar is currently trading in a narrow ascending channel pattern against the US Dollar. The currency pair has surged by 57 points or 0.81% since December 24.

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