EUR/USD recovers on Wednesday

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


During the early hours of Wednesday's trading hours, the EUR/USD found support in the 61.80% Fibonacci retracement level at the 1.1705 level. It resulted in a surge, which was heading to the resistance of the 55-hour simple moving average.

In the case of the 55-hour simple moving average providing resistance, the currency exchange rate could decline and once again test the support of the 61.80% Fibonacci retracement level at 1.1705. If the Fibo does not hold, the 1.1700 could immediately provide additional support.

On the other hand, a failure of the 55-hour SMA could result in the pair testing the combined resistance of the 100-hour simple moving average near the 1.1765 level and the 1.1763 level, which provided support since March 25.
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Wed, 31 Mar 2021 08:54:40 GMT

GBP/USD respects round levels

Since the second part of Tuesday's trading, the GBP/USD has been finding support and resistance in round exchange rate levels. Namely, it found support in 1.3710 and 1.3720 and resistance was provided by 1.3750 and 1.3760. On Wednesday morning, the rate was approaching the resistance of the 1.3780 level, which was strengthened by the 200-hour simple moving average and the weekly

Wed, 31 Mar 2021 08:29:06 GMT

NZD/USD targets at 0.7040

The New Zealand Dollar declined by 52 pips or 0.74% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.

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