GBP/USD passes high level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Friday, the GBP/USD traded above the previous high level of 1.3258. In general, the pair had no technical resistance and was expected to surge. However, the 1.3280 level appeared to keep the rate down. 

If, the rate would manage to pass the 1.3280 level, in theory it should reach for the 1.3348 level, where a pivot point was providing resistance. Although, it was highly likely that the round exchange rate level of 1.3300 could provide resistance.

In the meantime, the rate could fail at passing 1.3280. In this case scenario the GBP/USD would look for support in the pivot point at 1.3220 and the approaching hourly simple moving averages. Note that the 55-hour SMA caused the recent surge of the pair.
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Fri, 28 Aug 2020 08:15:32 GMT

NZD/USD could continue to surge

The New Zealand Dollar rose by 73 points or 1.11% against the US Dollar on Thursday. The currency pair tested the upper line of an ascending channel pattern at 0.6680 during the London open on Friday.

Fri, 28 Aug 2020 08:07:47 GMT

EUR/USD tests 1.1900 mark

On Friday morning, the EUR/USD was testing the resistance of the 1.1900 level. Note that this level stopped the sudden increase of volatility, which occurred on Thursday. In the near term future, the pair had two scenarios.  

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