USD/CAD is highly volatile

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


Since the middle of Tuesday's GMT trading hours, the USD/CAD has been highly volatile. The high volatility could be explained by the Tuesday's publication of US Producers Price Index at 13:30 GMT and the Wednesday's US Consumer Price Index release at 13:30 GMT.

During the high volatility, the rate has been mostly ignoring technical support and resistance levels. However, the rate has been respecting a couple of round exchange rate levels. Namely, the 1.2450 and 1.2460 have acted as resistance. Meanwhile, the 1.2400 mark has been providing some support.

In the case of a surge, the rate could find resistance in round exchange rate levels. Although, the target of a larger surge could be the 1.2500 mark, the zone that surrounds it and the weekly R1 simple pivot point at 1.2503.

A decline of the USD/CAD could find support in the 1.2400 mark, before reaching the support zone below the 1.2380 mark and the weekly S1 simple pivot point at 1.2375.
Back to articles

Actual Topics

Wed, 10 Nov 2021 17:50:31 GMT

EUR/USD plummets on Wednesday

The resistance of the 1.1600 was enough to cause a decline, which initially reached below the technical levels at 1.1567/1.1585. Afterwards, the decline was boosted by US Consumer Price Index data, which caused a USD surge. During Wednesday's US trading hours, the pair had reached below the previous November low levels, as it approached the 1.1500 level. In the case

Wed, 10 Nov 2021 16:01:10 GMT

GBP/JPY remains in sideways range

The GBP/JPY continues to respect both the support zone at 152.55/152.75 and the resistance of 153.65/153.75. Previous forecasts remain intact. In the case that the pair passes the resistance of the 153.65/153.75 zone, it might find resistance in the weekly simple pivot point at 154.10. Above the pivot point, the 200-hour SMA near 155.00 could serve as a resistance level. However, a

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.