USD/CAD returns to April high level

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


On Monday, the USD/CAD currency pair recovered to the April high level at 1.2880. Meanwhile, the pair has revealed a support zone near 1.2720.

If the pair surges above the 1.2880 mark, the currency rate could encounter resistance in the 1.2900 level and the weekly R1 simple pivot point at 1.2927.

On the other hand, a bounce off from the April high might look for support in the 50 and 100-hour simple moving averages near 1.2815. Further below, note the weekly simple pivot point at 1.2806 and the 1.2800 level.
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Wed, 04 May 2022 18:35:31 GMT

EUR/USD trades sideways

Throughout the week, the EUR/USD has been trading in a hundred base point range between a support zone at 1.0472/1.0491 and resistance at 1.0572/1.0593. The sideways trading was explained by the markets expecting the Federal Reserve Rate Hike on Wednesday at 18:00 GMT. As the rate hike occurred, the EUR/USD reacted with a 37 point move upwards, which hit

Mon, 02 May 2022 11:36:52 GMT

GBP/JPY remains near 163.50

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