简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: Bulls rally
2023-04-21
879
Fundamental analysis:
USD/CAD remained volatile around 1.34759, as the Fed's Beige Book showed little change in U.S. economic activity in recent weeks, with job growth slowing and price increases appearing to be slowing down. The Fed's latest reading of economic conditions offers a snapshot of conditions for businesses, banks and workers following the collapse of two large regional banks in mid-March.
US dollar Canadian dollar USDCAD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum remains volatile and rising, the short-term bullish sentiment is gradually increasing, the MACD indicator is in the high position of the bullish zone, and the RSI indicator is in the bullish zone to maintain consolidation;
Resistance levels: 1.34924 1.35098
Support levels: 1.34511 1.34339
Trading strategy: Bullish above 1.34689, target 1.34924 1.35098
Alternative strategy: bearish below 1.34689, target 1.34511 1.34339
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
