USD/CAD consolidates below 1.2850

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


Since the start of Tuesday's trading up to the middle of Wednesday, the USD/CAD currency exchange rate has been trading in the range between support at 1.2800 and resistance at 1.2850. In general, the pair was consolidating in the aftermath of the recent decline.

A move below the 1.2800 mark could look for support in the weekly S2 simple pivot point at 1.2781 and the 1.2750 mark. Further below, the May low level zone at 1.2714/1.2724 could once again stop and reverse a decline.

On the other hand, a surge above 1.2850 is expected to encounter resistance in the 1.2897/1.2922 zone, which acted as support during the previous week. In addition, take into account the 50, 100 and 200-hour simple moving averages near 1.2840, 1.2920 and 1.2940.
Back to articles

Actual Topics

Wed, 18 May 2022 11:49:11 GMT

EUR/USD declines back to 1.0500

At midnight to Wednesday, the combined resistance of the 1.0550 mark, the weekly R1 simple pivot point at 1.0553 and the 1.0560 level were enough to cause a decline of the EUR/USD currency exchange rate. By the middle of the day, the pair had found support in the combination of the 1.0472/1.0492 zone and the 50 and 200-hour simple

Wed, 18 May 2022 09:51:29 GMT

GBP/JPY declines on Wednesday

The GBP/JPY bounced off the resistance of the weekly R1 simple pivot point at 161.85 and traded between the 161.00 and 161.85 level during the second part of Tuesday's trading. On Wednesday, the rate declined below the 161.00 level's support and by the middle of the day had reached below 160.00. If the decline of the Pound against the Japanese Yen

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.