USDCAD: The huge earthquake pulls up

The U.S. dollar remained volatile near 1.37141 against the Canadian dollar. The Fed’s dovish interest rate hike and the U.S. dollar weakened sharply, providing support for oil prices, but U.S. Treasury Secretary Yellen told lawmakers on Wednesday that she had not considered or discussed sending U.S. Bank deposits provide "comprehensive insurance", and the market's worries about the banking industry led to a significant decline in New York stocks, which also weighed on oil prices.

US dollar Canadian dollar USDCAD - 4-hour K-line chart shows:

Looking at the 4-hour chart: the short-term maintenance of a wide range of huge shocks pulls up, the market’s bullish momentum begins to rise, 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: 1.37345 1.37516

Support levels: 1.36882 1.36741

Trading strategy: Bullish above 1.37048, target 1.37345 1.37516

Alternative strategy: bearish below 1.37048, target 1.36882 1.36741