USD/CAD reaches low level zone

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


On Tuesday, the USD/CAD currency exchange rate reached the low level zone of the previous week at 1.2713/1.2728. Previously, the rate passed the support of the 200-hour simple moving average and the weekly S1 simple pivot point at 1.2760 and 1.2752.

In the case that the rate passes the support zone, a decline might aim at the support of the weekly S2 simple pivot point at 1.2662. However, take into account that the 1.2700 mark could stop a downwards move.

Meanwhile, a potential recovery of the pair might find resistance in the previously passed weekly S1 simple pivot point at 1.2752 and the 200-hour simple moving average near 1.2764. Above these levels, note the 50-hour simple moving average and the weekly simple pivot point at 1.2800.
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Tue, 07 Dec 2021 12:27:14 GMT

EUR/USD declines to 1.1250

On Tuesday morning, the EUR/USD, despite piercing the resistance of the 50-hour simple moving average, found resistance at the 1.1300 mark and declined. By the middle of the day's trading, the pair had reached the 1.1250 mark. If the EUR/USD continues to decline, it would aim at the support of the weekly S1 simple pivot point at 1.1242 and

Tue, 07 Dec 2021 09:40:17 GMT

GBP/JPY finds resistance in SMA

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