EUR/USD bounces off resistance zone

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Source: Dukascopy Bank SA


On Monday, the EUR/USD currency pair was testing the last week high level zone at 1.0925/1.0940.

If the pair declines, it would look for support in the 1.0880 level and the 50-hour simple moving average. Further below, support is set to be provided by the 1.0840 level, which reversed a two day decline during the end of the last week.

Meanwhile, a move above the 1.0925/1.0940 zone might encounter resistance in the 1.0980 level, which is strengthened by the 200-hour simple moving average.
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Mon, 11 Apr 2022 14:14:00 GMT

GBP/USD finds resistance in previous support

Last week, the GBP/USD was finding constant support in the zone that surrounds the 1.3050 mark. On Friday, the rate plummeted below the 1.3050 level and even pierced the 1.3000 level. On Monday, the currency pair was trading between a support zone at 1.2980/1.2989 and resistance at 1.3045/1.3055. If the currency pair decline below the 1.2980 level, support might be

Mon, 11 Apr 2022 09:49:02 GMT

USD/CAD trades near 1.2600

Since Thursday, the USD/CAD pair has been fluctuating between a support zone at 1.2561/1.2566 and resistance at 1.2610/1.2620. A move below the support zone might result in the pair looking for support in the 100-hour simple moving average near 1.2550 and the 1.2540 level. Further below, take into account the weekly simple pivot point at 1.2528 and the 200-hour simple moving

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