The US dollar/Canadian dollar remained volatile around 1.33455. After the implementation of the price ceiling, the price of Russian crude oil may be around US $60 per barrel, or between US $300 and US $700 per ton. G7 countries are about to set a price ceiling on Russian oil, which may transfer trade to smaller companies.
USD CAD - 4-hour K line chart shows:
The 4-hour chart shows that the bearish momentum has maintained a good downward trend of shock, and the short-term decline may continue. The market as a whole is still in a weak position. The MACD index hovers around the 0 axis, and the RSI index is in a weak position below the 50 equilibrium line;
Empty turning point: 1.33605
Pressing: 1.33,877, 1.34,134
Support: 1.33165, 1.32936
Trading strategy: bearish under 1.33605, target 1.33165, 1.32936
Alternative strategy: bullish above 1.33605, target 1.33877, 1.34134