USD/CAD recovers

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


The USD/CAD currency exchange rate's decline reached below the 2022 low level at 1.2450. However, support was almost immediately found in the 1.2430 level. Afterwards, a sharp recovery occurred, which lost momentum at the 1.2500 mark. On Thursday morning, the pair passed the resistance of the 1.2500 level. By 10:00 GMT, the pair was approaching the 200-hour simple moving average near 1.2540.

If the US Dollar reaches above the 1.2540 level against the Canadian Dollar, the currency exchange rate would have no technical resistance as high as the weekly R1 simple pivot point at 1.2587.

On the other hand, a decline of the pair might look for support in the 1.2495/1.2505 zone and the 50-hour simple moving average, before approaching the March low level at 1.2467.
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Thu, 31 Mar 2022 14:50:12 GMT

EUR/USD surge ends at 1.1180

The EUR/USD surge above the previous March high level eventually ended during the midnight hours to Thursday. The surge ended at the 1.1180 mark, which acted as resistance. Afterwards, throughout the day's trading hours, the Euro declined against the US Dollar. By 15:00 GMT, the currency exchange rate had reached below the 1.1100 mark. If the common European currency exchange

Thu, 31 Mar 2022 09:14:35 GMT

GBP/JPY remains near 160.00 level

Since hitting the low level zone at 159.05/159.15 on Wednesday, the GBP/JPY recovered until the pair encountered resistance at 160.87/160.92. By 09:00 GMT the pair had retraced downwards and found support in the 159.50 level. If the currency exchange rate surges, the pair is expected to encounter resistance at the 160.50 mark and the 50-hour simple moving average. Higher above,

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