简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: rapid rise
2023-03-22
844
Fundamental analysis:
USD/CAD remained volatile around 1.37113. Canada’s February CPI annual rate was 5.2%, expected 5.40%, and the previous value was 5.90%. Inflation and underlying price pressures in Canada both eased broadly as expected, supporting the case for the Bank of Canada to keep rates on hold despite healthy job growth.
US dollar Canadian dollar USDCAD - 4-hour K-line chart shows:
Brief technical analysis::
Looking at the 4-hour chart: the bullish momentum is rising rapidly in the short term, the market bullish sentiment is emerging, and there are signs of continued recovery in the short term, the MACD indicator is hovering below the 0 axis, and the RSI indicator is in a weak order near the 50 balance line;
Resistance levels: 1.37292 1.37468
Support levels: 1.36838 1.36632
Trading strategy: Bullish above 1.37009, target 1.37292 1.37468
Alternative strategy: bearish below 1.37009, target 1.36838 1.36632
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
