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June 21 - According to Iranian sources, Iranian Foreign Minister Araqchi met with Swiss Foreign Minister Cassis at Bilgensberg in Switzerland on the same day. The report stated that this was the first official event for the Iranian delegation in Switzerland.June 21 – According to the Islamic Republic News Agency (IRNA), Iranian Foreign Ministry spokesman Bagaei stated that the one-day Bilgence Summit in Switzerland will include a joint meeting of Iran, the United States, Qatar, and Pakistan in the afternoon. Todays meeting is a follow-up on the implementation of the memorandum of understanding reached with the United States. The United States failure to secure a ceasefire in Lebanon will be a central issue at the Swiss meeting. Other topics will also be discussed, including waivers for Iranian oil sales and the unfreezing of frozen Iranian assets.According to the Islamic Republic News Agency (IRNA), a spokesperson for the Iranian Foreign Ministry said that the meeting will also discuss other issues, including waivers for Iranian oil sales and the unfreezing of frozen Iranian assets.According to Japans Kyodo News, Japanese Prime Minister Sanae Takaichis cabinet approval rating has dropped to 55.8%, the lowest since she took office.On June 21st, British Business Secretary Peter Keill stated on Sunday that he had no reason to believe Prime Minister Starmer planned to announce his resignation on Monday. Keill said he had a "frank" conversation with Starmer on Friday. Keill noted that the Prime Minister repeatedly inquired about the state of the country, but never mentioned his own interests. Previously, the British newspaper *The Observer* reported that Starmer was expected to resign on Monday and announce his departure timetable. However, a government source indicated that Starmer remains focused on continuing to fulfill his governing duties.

USD/CAD Price Analysis: Retracement Moves Seek Confirmation at 1,3000

Alina Haynes

May 13, 2022 10:00

USD/CAD consolidates recent advances while retreating from its highest level since November 2020, reaching a fresh intraday low around 1.3010 during the Asia session on Friday.

 

In doing so, the Loonie pair depicts a pullback from a four-day-old resistance line, which was near 1.3080 at the time of publication.

 

Given that the downward-sloping RSI (14) line is not oversold, the most recent price downturn may continue for a while longer before reaching any important support.

 

However, a junction of the 100-HMA and a one-week-old ascending trend line at 1.2995 is a formidable obstacle for USD/CAD bears.

 

In the event that the price falls below 1.2995, various levels surrounding 1.2920-10, including the high from early May and the 200-hour moving average, will attract pair sellers.

 

In contrast, a decisive breach of the aforementioned short-term resistance line of 1.3080 would require confirmation from the 1.3100 level before going for the peak of 1.3172 in late November 2020.

 

In conclusion, USD/CAD decline is not indicative of a trend reversal until the quotation breaks 1.2920.

The USD/CAD Hourly Graph

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