简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: Bears plunge
2023-06-02
833
Fundamental analysis:
USD/CAD remained volatile around 1..34588. Canada’s GDP data released yesterday showed that the country’s economy remained strong. Q1 GDP was stronger than expected (and well above BoC expectations). Monthly data showed that economic activity was better than expected in March, and there are tentative signs that activity will do well in April.
US dollar Canadian dollar USDCAD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term strength has fallen sharply, the short-term decline may continue, the market as a whole is in a rapid downward trend, the MACD indicator is in the short-selling area and continues to move down, and the RSI indicator is in the short-selling area.
Resistance levels: 1.34756 1.34925
Support levels: 1.34321 1.34171
Trading strategy: bearish below 1.34588, target 1.34321 1.34171
Alternative strategy: bullish above 1.34588, target 1.34756 1.34925
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
