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Inflation is the core of future policy, and the US dollar accelerated downward against the Canadian dollar

2022-06-06
871
Fundamental analysis:

Cleveland Fed Chairman Ben Meester said on Friday that she is looking for "convincing" evidence that inflation has peaked. If not, she is likely to support a 50 basis point increase in interest rates at the September meeting.

USD / CAD daily chart:


Technical analysis: the daily moving average is arranged in a short position, the exchange rate accelerates downward, MACD operates under the 0 axis and the volume can be increased slightly, RSI weakens slowly, and it is expected that the short-term exchange rate probability will further decline.

Multi empty turning point: 1.2750

Resistance level: 1.2890 1.3030

Support position: 1.2630 1.2480

Trading strategy: below 1.2750, bearish, with target prices of 1.2630 and 1.2480

Alternative strategy: above 1.2750, bullish, with target prices of 1.2890 and 1.3030


The above analysis is a personal point of view and is for reference only.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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