USD/CAD finds support in low level zone

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


The decline of the USD/CAD has found support in the February low level zone. On Tuesday, a recovery of the rate reached the resistance of the 1.2700 mark.

A passing of the resistance of the 1.2700 mark could encounter resistance in the 50 and 200-hour simple moving averages near 1.2710/1.2720. Above the SMAs, the weekly simple pivot point at 1.2736 might stop a surge.

On the other hand, a decline would most likely look for support in the February low level zone at 1.2652/1.2660.
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Tue, 08 Feb 2022 12:28:33 GMT

EUR/USD reaches below 1.1400

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