USD/CAD decline reaches 1.2600

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


The decline of the USD/CAD has reached the 1.2600 mark. The round exchange rate level acted as support during Friday's early trading hours.

If the pair recovers, it would encounter resistance in the February low level at 1.2640, before approaching the 1.2650 mark and the 1.2650/1.2660 zone. In addition, note the weekly S1 simple pivot point at 1.2661 and the approaching 50-hour simple moving average.

Meanwhile, a potential decline below 1.2600 might look for support in the March low level at 1.2588. Further below, take into account the weekly S2 simple pivot point at 1.2566 and the 1.2550 mark.
Back to articles

Actual Topics

Fri, 18 Mar 2022 12:24:14 GMT

EUR/USD breaches high level

The EUR/USD managed to pass the resistance of the March high levels at 1.1100/1.1120 during late Thursday's trading hours. However, the passing of the high levels was immediately followed by a steep decline. By the middle of Friday's trading, the pair had already reached the 1.1020 level. If the EUR/USD continues to decline, the pair could find support in the

Fri, 18 Mar 2022 09:45:49 GMT

GBP/JPY reacts to Bank of England

The GBP/JPY experienced a sharp drop on Thursday due to the Bank of England hiking interest rates, but revealing comments that indicated that less monetary tightening could occur in 2022. However, after the drop, the pair started to recover. On Friday morning, the pair had reached the 156.50 mark. In the meantime, the recent high levels have been marked as

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.