USDCAD: high volatility

USD/CAD remained oscillating around 1.36150. The Canadian Imperial Bank of Commerce believes that since the weight of medical services (a factor that suppresses inflation) in the PCE index is higher than the weight of medical services in the CPI, the weight of housing (the main factor driving inflation) in the PCE With a lower weight, the seasonally adjusted core PCE monthly rate should be at least a little weaker than the monthly core CPI rate after deducting food/energy.

US dollar Canadian dollar USDCAD - 4-hour K-line chart shows:

Looking at the 4-hour chart: High short-term narrow-range shocks retracement, market sentiment gradually emerges, short-term or shocks move down again, MACD indicator is in the bullish area to maintain consolidation, RSI indicator is in a weak consolidation above the 50 balance line;

Resistance levels: 1.36481 1.36657

Support levels: 1.35982 1.35809

Trading strategy: bearish below 1.36263, target 1.36481 1.36657

Alternative strategy: Bullish above 1.36263, target 1.35982 1.35809