GBP/USD fails to pass 1.3800

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


After many attempts to pass the 1.3800 level and the zone above it, the GBP/USD currency exchange rate eventually declined. During the early hours of Friday's trading hours, the rate had reached the support of the zone near the 1.3720 mark. This zone had provided minor impact throughout April.

If the zone continues to provide support, the rate could either trade sideways above it or surge. A potential surge would first test the combined resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.3766. Afterwards, the 1.3800 mark could be tested once again.

On the other hand, a decline below the 1.3720 level would most likely reach for the April and March low levels near 1.3670.
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Fri, 16 Apr 2021 07:49:15 GMT

USD/CAD rebounded from support level

The USD/CAD currency pair bounced off a support level at 1.2487 during Thursday's trading session. As a result, the US Dollar surged by 75 pips or 0.60% against the Canadian Dollar on Thursday.

Fri, 16 Apr 2021 07:15:59 GMT

EUR/USD fails to reach 1.2000

Instead of surging to the 1.2000 level the EUR/USD declined to the support of the 55-hour simple moving average. Moreover, at the start of Friday's GMT trading hours, the rate passed the support of the SMA. During the early hours of the day, the rate traded below the combined resistance of the 55-hour SMA and the weekly R1 simple pivot

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