USD/CAD returns to pre-spike levels

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


On Wednesday, the USD/CAD recurrence exchange rate traded below the 1.2500 mark, which is where it was located before the 115 base point spike on Monday.

If the pair declines, it would look for support in the March low level at 1.2467 and the 2022 low level at 1.2450. However, it was observed that some support was being found in the 1.2480 mark.

On the other hand, a surge of the USD against the Canadian Dollar is expected to encounter resistance in the 1.2500 level and the 50-hour simple moving average. Higher above, note the weekly simple pivot point at 1.2526.
Back to articles

Actual Topics

Wed, 30 Mar 2022 14:27:58 GMT

EUR/USD breaches March high level

At mid-day on Wednesday, the EUR/USD currency exchange rate managed to break the resistance zone of the March high levels at 1.1130/1.1138. In addition, by 14:00 GMT, the pair had reached above the weekly R3 simple pivot point at 1.1157 and confirmed the weekly R2 at 1.1136 as a support level. In general, the recent surge of the Euro

Wed, 30 Mar 2022 09:25:42 GMT

GBP/JPY decline aims at 159.00

The decline of the GBP/JPY currency pair has passed below all potential support levels in the range from 161.50 down to the 159.50 level. Moreover, the 159.50 mark was shortly pierced on Wednesday morning, before retracing to the 160.00 level. If the Pound recovers against the Japanese Yen, the currency pair would encounter resistance in the 160.50 and 161.00 levels, prior

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.