USD/CAD reaches above 1.2600

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


The surge of the US Dollar against the Canadian Dollar reached above the 1.2600 mark at mid-day on Thursday. However, resistance was found at 1.2609/1.2612, which has been marked on the chart. Afterwards, the pair declined and support was found on the previous resistance zone at 1.2570/1.2577.

If the US Dollar manages to resume its recovery against the Canadian Dollar, the pair would face resistance in the 1.2600 mark, the weekly R1 simple pivot point at 1.2604 and the 1.2609/1.2612 zone. Higher above, note the February low at 1.2640 and the weekly R2 simple pivot point at 1.2681.

Meanwhile, a decline of the currency exchange rate is set to look for support in the 1.2570/1.2577 zone and the approaching 50-hour simple moving average, before approaching the 1.2530/1.2540 levels.
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Fri, 08 Apr 2022 12:51:07 GMT

EUR/USD passes below support zone

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