USD/CAD decline passes low level

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


On Monday, the USD/CAD confirmed the combination of the 50-hour simple moving average and the 1.2500 mark as resistance. Afterwards, a decline followed. By 08:00 GMT, the currency pair had reached below one of the March low levels at 1.2467.

Next targets for the decline were the previous 2022 low level at 1.2450, the weekly S1 simple pivot point at 1.2441 and the March 30 low level at 1.2430.

On the other hand, a surge of the US Dollar against the Canadian Dollar might retrace back up tot he 1.2500 mark and the 50-hour simple moving average.
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Tue, 05 Apr 2022 09:11:54 GMT

EUR/USD reaches March low level zone

During the second half of Monday's European trading hours, the EUR/USD broke the channel up pattern, which had guided the rate up throughout March. Moreover, on Tuesday, the lower trend line of the broken channel was confirmed as resistance. In the meantime the breaking of the pattern did not result in a sharp decline, as support was immediately found

Tue, 05 Apr 2022 07:47:59 GMT

GBP/JPY, on Tuesday, ignores technical levels

During the early part of Tuesday's trading hours, the GBP/JPY currency exchange rate initially passed below the support of the 50 and 200-hour simple moving averages and the recent low level trend line. The SMAs had kept the pair up throughout Monday. However, the event was not followed by a sharp decline, as the pair started to recover almost immediately.

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