EUR/USD reaches new low level

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


The resistance of the 50-hour simple moving average was enough to force the EUR/USD into declining an reaching a new low level. On Wednesday morning, the pair touched the 0.9540 level.

An extension of the ongoing decline of the Euro against the US Dollar might look for support in the 0.9500 and 0.9450 levels. Further below, note the weekly S2 simple pivot point at 0.9420 and the 0.9400 mark.

On the other hand, a recovery of the currency rate is expected to face resistance in the 0.9600 level and the 50-hour simple moving average. Above these levels note the 0.9700 mark and the 100-hour simple moving average.
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Wed, 28 Sep 2022 08:15:13 GMT

GBP/USD respects pivot point

On Wednesday morning, the GBP/USD currency pair found support in the weekly S1 simple pivot point at 1.0637. Meanwhile, it appeared that minor resistance was provided by the 50-hour simple moving average near 1.0740. A decline of the GBP against the US Dollar below the weekly S1 simple pivot point at 1.0637 might look for support in the 1.0600 and 1.0500

Tue, 27 Sep 2022 14:25:51 GMT

USD/CAD reveals resistance and support

The USD/CAD pair has encountered resistance in the 1.3800 level and support was provided by the 1.3650 level. In addition, the 1.3650 level was strengthened by the 50-hour simple moving average. Meanwhile, the rate was ignoring the weekly R1 simple pivot point at 1.3718. A move above 1.3800 could encounter resistance in the 1.3850 level and the weekly R2 simple pivot

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