USD/CAD remains above 1.2900

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


On Friday, the USD/CAD dropped to the support zone at 1.2897/1.2922. On Monday, the rate had shortly recovered to 1.2975, before once again declining to the 1.2897/1.2922 zone.

A move below the 1.2897/1.2922 levels could look for support in the 1.2850 mark and the weekly S1 simple pivot point at 1.2842. Below these levels, note the 1.2800 level and the weekly S2 simple pivot point at 1.2781.

Meanwhile, a recovery of the US Dollar against the Canadian Dollar is set to encounter resistance in the 1.2975/1.3000 zone. In addition, to the 1.2975 and the 1.3000 levels acting as resistance, the zone is being strengthened by the 50 and 100-hour simple moving averages.
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Mon, 16 May 2022 12:50:23 GMT

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The EUR/USD started the week by surging above a resistance zone at 1.0415/1.0420 and afterwards confirming it as support. In the near term future, a potential continuation of the surge of the Euro against the US Dollar could encounter resistance in the combination of the weekly simple pivot point at 1.0451, the 100-hour simple moving average and the 1.0450

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GBP/JPY trades at 157.50/159.00

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