USD/CAD retreats on Friday

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


On Thursday, the USD/CAD passed above the February high level zone at 1.2785/1.2797. However, at 15:00 GMT, the pair bounces off the resistance of the 1.2880 mark and started a decline. By the start of Friday's US trading hours, the currency pair's decline had reached below the 1.2785 level and the 50-hour simple moving average.

Next target for the rate's decline was the 200-hour simple moving average and the weekly simple pivot point near the 1.2735 level. Further below, the 1.2700 mark and the lower trend line, which connects the February low levels, might act as support.

On the other hand, a recovery of the pair would face the resistance of the previously broken 1.2785/1.2797 zone. Higher above, the weekly R1 simple pivot point might act as resistance at 1.2807, before the rate reaches the high level at 1.2880.
Back to articles

Actual Topics

Fri, 25 Feb 2022 15:52:19 GMT

EUR/USD is highly volatile

After experiencing a sharp drop on Thursday to the 1.1108 level, the EUR/USD currency exchange rate began a recovery. By the start of Friday's US trading hours, the currency pair had reached the 1.1250 mark, which appeared to act as resistance. If the Euro surges higher against the US Dollar, the currency exchange rate could encounter resistance in the weekly

Fri, 25 Feb 2022 14:08:43 GMT

GBP/JPY recovery tests 155.00 level

At mid-day on Thursday, the GBP/JPY found support in the 153.50 mark and started a recovery. By the middle of Friday's trading, the pair's surge was making a second attempt at passing the resistance of the 155.00 mark. Namely, the 155.00 level acted as resistance late on Thursday and at mid-day on Friday. If the pair manages to reach above

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.