USD/CAD ignores historical levels

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Source: Dukascopy Bank SA


On Monday, the USD/CAD currency exchange rate was mostly ignoring previous high and low level zones. Moreover, starting from 06:00 GMT, the rate began to ignore the 50-hour simple moving average.

At mid-day on Monday, the rate was approaching the 1.2428/1.2434 zone and the weekly simple pivot point at 1.2427. A passing of these support levels could result in a decline to the 200-hour simple moving average near 1.2400.

On the other hand, a recovery of the rate might ignore the resistance levels near 1.2450 and 1.2470 and reach for the Friday's high level at 1.2480.
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Mon, 08 Nov 2021 15:13:16 GMT

EUR/USD respects moving averages

On Friday, the EUR/USD booked a new low level by reaching below October low levels. Namely, the pair touched the 1.1514 zone. However, the touching of a low level was followed up by a recovery to the hourly simple moving averages above the 1.1550 mark. By the middle of Monday's European trading, the pair had reached above the resistance of

Mon, 08 Nov 2021 11:39:35 GMT

GBP/JPY trades around 153.00 level

Since the middle of Friday's trading hours, the GBP/JPY currency exchange rate has been fluctuating around the 153.00 mark. Meanwhile, the rate was being approached by the resistance of the 50-hour SMA from above. In the case that the 50-hour simple moving average pushes the rate down, it could look for support first at the zone above the 152.50 mark. Further

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