The US dollar remained volatile against the Canadian dollar at 1.37097. CEO of Canada Cenovus Energy Company: the high natural gas price in Asia, the interruption of refineries, and the release of US oil reserves led to a large price difference between light and heavy oil; The expansion of the difference between light and heavy oil will last until 2023, and then be corrected.
USD CAD - 4-hour K line chart shows:
The 4-hour chart shows that the bulls' momentum keeps surging, short-term bullish sentiment emerges, and the market bulls continue to move upward. The MACD index is arranged on the upper side of the 0 axis, and the RSI index is hovering on the weak side of the 50 balanced line;
Empty turning point: 1.36964
Pressing: 1.37163, 1.37589
Support: 1.36700, 1.36429
Trading strategy: bullish above 1.36964, target 1.37163, 1.37589
Alternative strategy: bearish under 1.36964, target 1.36700, 1.36429