USD/CAD extends decline

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


On Tuesday, the USD/CAD currency pair reached below the 1.2850 mark and was heading to the 1.2800 level.

A move below 1.2800, could look for support in the weekly S2 simple pivot point at 1.2781, the 1.2750 mark and the May low level zone at 1.2715/1.2725.

On the other hand, a recovery is expected to encounter some resistance in the weekly S1 simple pivot point at 1.2842 and the 1.2850 level, prior to approaching the 1.2895/1.2920 zone.
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Tue, 17 May 2022 13:03:55 GMT

EUR/USD recovers above 1.0500

On Tuesday, the EUR/USD broke the resistance of the April low level zone and the 1.0500 mark. By the middle of the day's trading hours, the pair had reached the 1.0550 level and the weekly R1 simple pivot point at 1.0553. A move above the 1.0550 level and the weekly R1 simple pivot point at 1.0553 could encounter resistance in

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