简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: low move down
2023-06-23
761
Fundamental analysis:
USD/CAD remained oscillating around 1.31600, and with demand seasonally rising in the coming months, the market expects a sharper decline in oil inventories, which will support oil prices.
US dollar Canadian dollar USDCAD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The short-term dynamics remain low and fluctuate downward, and the short-term decline may continue. The market as a whole is in a bearish downward trend. The MACD indicator is in the bearish area and remains in order, and the RSI indicator is hovering weakly below the 50 balance line;
Resistance levels: 1.31811 1.32003
Support levels: 1.32320 1.31131
Trading strategy: bearish below 1.31600, target 1.32320 1.31131
Alternative strategy: bullish above 1.31600, target 1.31811 1.32003
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
