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USDCAD: short -term decline

2023-01-09
1013
Basic face analysis:
The US dollar maintained a shock nearly 1.34343, and Canada's employment data in December showed that the employment population increased by 104,000 in December, far exceeding the expected 8,000, and the previous value of 101,000. The unemployment rate in Canada has decreased significantly, and the employment participation rate has also increased. It can be said that this is a very strong employment report.


USD Canadian USDCAD — 4 hours K -line diagram display:



Technical analysis:
4 -hour charts: The short dynamics falls rapidly, the short -term decline may continue, the overall short of the market is shrouded, the MACD indicators are shifting down in the short area, and the RSI indicator is in the lower side of the 50 equilibrium line;
Multi -time turning point: 1.34443
Suppression: 1.34621, 1.34820
Support: 1.34193, 1.34032
Trading strategy: Drink below 1.34443, target 1.34193, 1.34032
Extracting strategy: 1.34443 to see the bullish, target 1.34621, 1.34820

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.

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