USDCAD: Move up low position waiting

Fundamental analysis:

The US dollar remained volatile against the Canadian dollar at 1.33252. Statistics Canada: In October, the rise in gasoline prices brought upward pressure on the CPI of all projects. In addition, Canadians renewed or started mortgage loans at higher interest rates, resulting in an accelerated rise in the mortgage interest cost index. The price growth of natural gas and groceries slowed year on year, especially the prices of fruits, vegetables and meat, which offset the upward pressure.

USD CAD - 4-hour K line chart shows:

Technical analysis:

The 4-hour chart shows that after the low level narrow range shock, the bulls are waiting for the opportunity to enter the field and pull up. In the short term, the bulls are showing signs of continuing to move upward. The MACD index is in the short area and finishing up, while the RSI index is in the weak hovering near the 50 equilibrium line;

Empty turning point: 1.33076

Pressing: 1.33684, 1.34042

Support: 1.32635, 1.32317

Trading strategy: bullish above 1.33076, target 1.33684, 1.34042

Alternative strategy: bearish under 1.33076, target 1.32635, 1.32317