简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: high retracement
2023-02-28
936
Fundamental analysis:
USD/CAD remained volatile around 1.35753, Canada's current account balance (seasonally adjusted) recorded a deficit of $10.6 billion in the fourth quarter, mainly reflecting a deterioration in Canada's investment income balance, while the goods and services deficit was slightly smaller There is narrowing.
US dollar Canadian dollar USDCAD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term dynamics are oscillating downward, and the short-term decline may continue. The market as a whole begins to be short-selling downward. The MACD indicator is in the long-term zone and slowly moves downward, and the RSI indicator is hovering above the 50 balance line;
Long-short turning point: 1.35853
Suppression: 1.36079, 1.36305
Support: 1.35545, 1.35311
Trading strategy: bearish below 1.35853, target 1.35545, 1.35311
Alternative strategy: Bullish above 1.35853, target 1.36079, 1.36305
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
