The US dollar remained volatile around 1.30878 against the Canadian dollar, and Canadian investment in fintech fell by more than 50% in the first six months of 2022. The total investment of Canadian fintech companies in 85 transactions in the first half of 2022 was $810 million, down from $1.9 billion in the second half of 2021.
US dollar and Canadian dollar (USDCAD) - the 4-hour K-line chart shows:
According to the 4-hour chart, the power of high-level short sellers maintains the shock pullback and downward movement, the short-term decline of the market may continue, the MACD index maintains the shock and downward movement to the lower side of the 0 axis, and the RSI index is in the narrow range below the 50 equilibrium line;
Long and short turning point: 1.30990
Pressing position: 1.31223, 1.31474
Support position: 1.30601, 1.30380
Trading strategy: bearish below 1.30990, target 1.30601, 1.30380
Alternative strategy: bullish above 1.30990, target 1.31223, 1.31474