USD/CAD recovers above 1.2850

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


Despite reaching below the 1.2800 mark, the USD/CAD rate eventually started a recovery on Monday. On Tuesday, the pair traded above 1.2850.

In the case of a continuation of the US Dollar's recovery against the Canadian Dollar, the pair might encounter resistance in the 1.2900 mark and the weekly R1 simple pivot point at 1.2896. Higher above, take into account the 1.2950 and 1.3000 levels and the weekly R2 simple pivot point at 1.3000.

Meanwhile, a potential decline of the US Dollar might result in the rate looking for support in the 1.2850 mark, the weekly simple pivot point at 1.2842 and the combination of the 50 and 100-hour simple moving averages near 1.2825. Further below, note the 1.2800 mark and the 1.2750 level.
Back to articles

Actual Topics

Wed, 03 Aug 2022 08:02:36 GMT

EUR/USD breaks ascending channel

The decline of the Euro against the US Dollar has passed below the support of the 1.0200 mark, the weekly simple pivot point at 1.0193 and the 100 and 200-hour simple moving averages. During the early hours of Wednesday's trading, the currency pair confirmed the weekly simple pivot point as resistance. Meanwhile, it was observed that the 1.0160 level

Tue, 02 Aug 2022 14:15:34 GMT

GBP/JPY declines below 160.00

The GBP/JPY currency exchange rate has failed to find support in the support zone above 160.00. However, on Tuesday morning, the pair found enough support in the 159.50 level to start a recovery. By the middle of the day, the rate had reached back above 160.00. If the Pound continues to gain value against the Japanese Yen, resistance might be found

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.