USD/CAD trades near 1.3150

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


On Friday, the USD/CAD found support in the 1.3060/1.3075 zone and started a recovery. By the middle of Monday's European trading hours, the pair had reached above the 1.3150 mark. However, it was observed that the rate was fluctuating around the round level, despite shortly reaching above it.

A continuation of the US Dollar's surge against the Canadian Dollar is expected to encounter resistance in the 1.3200 mark and the zone that surrounds it. Higher above, the July high level at 1.3222 and the weekly R1 simple pivot point at 1.3230 might stop a surge.

On the other hand, a decline of the currency pair could look for support in the 100-hour SMA at 1.3125, the 1.3100 mark and the weekly PP simple pivot point, before reaching the 1.3060/1.3075 zone.
Back to articles

Actual Topics

Tue, 06 Sep 2022 07:22:30 GMT

EUR/USD recovers to 0.9980

The EUR/USD currency pairs recovery reached the combined resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 0.9980 on Tuesday morning. A move above the technical levels at 0.9980 could encounter resistance in the 1.0000 mark. Higher above, note the weekly R1 simple pivot point at 1.0050. On the other hand, a

Mon, 05 Sep 2022 10:50:56 GMT

GBP/JPY finds support in pivot point

On Monday morning, the GBP/JPY currency exchange rate found support in the weekly S1 simple pivot point at 160.64. By the middle of the day's European trading, the pair had recovered and broken the resistance of the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 161.50/161.65. A continuation of the surge

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.