USD/CAD drops below 1.2500

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


On Wednesday, the USD/CAD passed below the 1.2500 mark. During the early hours of Thursday's trading, the pair found support in the 1.2460 level. By the middle of the day, the rate fluctuated between the 1.2460 and 1.2500 levels.

If the pair recovers above the 1.2500 mark, the weekly S1 simple pivot point at 1.2527 might act as resistance. Higher above, note the 1.2540 level and the 50-hour simple moving average.

However, a potential decline might look for additional support in the weekly S2 simple pivot point at 1.2446, before approaching the April low level at 1.2402.
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Thu, 21 Apr 2022 13:13:29 GMT

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