USD/CAD drops below 1.2800

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


The US Federal Reserve rate hike and subsequent comments about easier policy has caused a decline of the USD/CAD rate back to June levels. Moreover, the vital support of the 1.2800 mark was passed on Thursday morning.

An extension of the ongoing decline of the US Dollar against the Canadian Dollar might look for support in the 1.2750 and 1.2700 levels, which acted as support and resistance during early June.

On the other hand, a potential recovery of the rate is expected to encounter resistance in the weekly S1 simple pivot point at 1.2814 and the 1.2820/1.2835 zone.
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Fri, 29 Jul 2022 12:43:38 GMT

EUR/USD is highly volatile

The EUR/USD currency pair has been highly volatile, as it has been reacting to major US fundamental events throughout the week. Namely, the Fed rate hike and monetary policy announcement together with the US GDP have been creating major moves. In general, the pair has been observed to be fluctuating between the support of the 1.0097/1.0115 zone and resistance

Thu, 28 Jul 2022 08:53:53 GMT

GBP/JPY returns to 165.00

The GBP/JPY currency pair appears to have reacted to the risk on sentiment, which was caused by the US Federal Reserve at 18:00 GMT on Wednesday. Namely, the Pound surged against the Japanese Yen and shortly reached above the 166.50 level. Afterwards, a decline back to the 164.50 level occurred. On Thursday morning, the pair was trading around the 165.00

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