简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: sharp drop at high level
2023-06-01
754
Fundamental analysis:
USD/CAD remained oscillating around 1.35720, with headline data, economic growth components and the transition period to the second quarter all slightly stronger than our expectations, which raised the possibility of another rate hike by the Bank of Canada.
US dollar Canadian dollar USDCAD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term momentum has fallen sharply, and the short-term decline may continue. The market as a whole is shrouded in a short-term sentiment. The MACD index maintains shocks and moves down to hover around the 0 axis, and the RSI index hovers weakly below the 50 balance line;
Resistance levels: 1.35982 1.36151
Support levels: 1.35566 1.35425
Trading strategy: bearish below 1.35804, target 1.35566 1.35425
Alternative strategy: bullish above 1.35804, target 1.35982 1.36151
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
