The US dollar remained volatile against the Canadian dollar at 1.36228. RBC: It is expected that the Canadian economy will achieve positive growth again in the fourth quarter, but there will be a mild recession in the first half of next year. That is, although the interest rate raising cycle of the Bank of Canada is nearing the end, it has not completely ended.
USD CAD - 4-hour K line chart shows:
The 4-hour chart shows that the low bulls' power keeps moving up in shock, while the short-term bulls' power continues to move up. The MACD index stays in the short positions and stays near the 0 axis, while the RSI index stays in the weak positions near the 50 equilibrium line;
Empty turning point: 1.36120
Pressing: 1.36607, 1.36950
Support: 1.35777, 1.35452
Trading strategy: bullish above 1.36120, target 1.36607, 1.36950
Alternative strategy: bearish under 1.36120, target 1.35777, 1.35452