USD/CAD surges above previous high levels

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Source: Dukascopy Bank SA


The USD/CAD pair was declining last week, until the US Federal Reserve policymakers revealed in interviews, how they are preparing for base interest rate hikes that are set to increase the demand for the US Dollar. Due to that reason a surge started, which on Monday had already reached the 1.2750 mark. Note that all such type of fundamental events crash the technical charts.

A continuation of the pair might test the 1.2800 mark and the weekly R1 simple pivot point at 1.2804. Higher above note the 1.2850, 1.2875 and 1.2900 levels, which are the February and March high levels.

On the other hand, a decline of the pair might look for support in the 1.2700 mark. Further below, the previous April high levels could act as support.
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Wed, 27 Apr 2022 12:52:32 GMT

EUR/USD decline reaches below 1.0600

By the middle of Wednesday's European trading hours, the EUR/USD currency exchange rate had reached below the 1.0600 and approached the weekly S3 simple pivot point at 1.0550. If the rate passes below the 1.0550 mark, the currency exchange rate would have no close by technical support. Meanwhile, round exchange rate levels could act as support. Namely, the Euro could

Mon, 25 Apr 2022 10:05:56 GMT

GBP/JPY declines to 163.00

The GBP/JPY lost the support of the 167.00 mark and plummeted, during last week's trading. Moreover, on Monday, the rate passed the support line, which connects the April low levels. A continuation of the decline of the Pound against the Japanese Yen might aim at the weekly S2 simple pivot point at 162.23, the 162.00 mark and the 161.00 level. Meanwhile,

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