USD/CAD tests 1.2900 mark

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Source: Dukascopy Bank SA


Since the middle of Tuesday's trading, the USD/CAD currency pair was testing the resistance of the 1.2900 mark. Meanwhile, support was found in the 1.2850 mark.

However, on Wednesday, technical analysis is set to be obsolete, as at 18:00 GMT, the US Federal Reserve is set to hike USD base interest rates, reveal its Monetary Policy Statement and host a follow up press conference. Namely, the supply of the USD will be adjusted and due to that reason the value of the USD will change.

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Thu, 28 Jul 2022 06:35:00 GMT

EUR/USD finds support in 1.0100

The EUR/USD currency pair found support in the 1.0100 mark and the weekly S1 simple pivot point at 1.0101. In the aftermath of starting a minor recovery, the EUR/USD surge was boosted by the head of the US Federal Reserve Jerome Powell. Namely, the Chairman's comments during the press conference after the US 0.75% rate hike caused a broad

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