Note: This section contains information in English only.
On Wednesday, the USD/CAD recurrence exchange rate traded below the 1.2500 mark, which is where it was located before the 115 base point spike on Monday.
If the pair declines, it would look for support in the March low level at 1.2467 and the 2022 low level at 1.2450. However, it was observed that some support was being found in the 1.2480 mark.
On the other hand, a surge of the USD against the Canadian Dollar is expected to encounter resistance in the 1.2500 level and the 50-hour simple moving average. Higher above, note the weekly simple pivot point at 1.2526.
Wed, 30 Mar 2022 09:46:52 GMT
Source: Dukascopy Bank SA
On Wednesday, the USD/CAD recurrence exchange rate traded below the 1.2500 mark, which is where it was located before the 115 base point spike on Monday.
If the pair declines, it would look for support in the March low level at 1.2467 and the 2022 low level at 1.2450. However, it was observed that some support was being found in the 1.2480 mark.
On the other hand, a surge of the USD against the Canadian Dollar is expected to encounter resistance in the 1.2500 level and the 50-hour simple moving average. Higher above, note the weekly simple pivot point at 1.2526.