USD/CAD bounces off pivot point

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


During late Monday trading hours, the USD/CAD currency exchange rate bounced off the resistance of the weekly simple pivot point at 1.2698. The event was followed by a decline, which by the middle of Tuesday had reached the 1.2640 mark.

If the US Dollar continues to decline against the Canadian Dollar, the rate might reach the support of the January and December low levels at 1.2596/1.2622. A move below the zone might find support in the weekly S1 simple pivot point at 1.2581.

On the other hand, a potential recovery of the USD against the CAD could find resistance in the 50-hour simple moving average near 1.2660, before aiming at the weekly simple pivot point at 1.2998 and the 1.2700 mark. Higher above, take into account the 200-hour simple moving average.
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Tue, 11 Jan 2022 14:25:48 GMT

EUR/USD finds support and recovers

On Monday, the EUR/USD found support in the 1.1285/1.1287 zone. The zone has been acting as support since early January 6 trading hours. By the middle of Tuesday's trading hours, the rate had recovered and encountered resistance at the 1.1350 level. At the start of US trading hours at 14:30 GMT, the pair had retreated to the 1.1320 level.

Tue, 11 Jan 2022 11:59:49 GMT

GBP/JPY returns to low level

The GBP/JPY currency exchange rate eventually reached the support zone of the January 6 low and the December 31 high levels at 156.00/156.10. On Tuesday, a recovery was ongoing, as the pair reached above the 157.00 mark. A continuation of the surge might encounter resistance in the 157.38/157.44 zone, which captures recent high levels. Above this zone, the January high

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