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America and Canada: multi head sorting up
2022-07-13
1252
Fundamental analysis:
The dollar remained volatile around 1.30201 against the Canadian dollar. The Dutch Senate voted or forced the EU Canada trade agreement to be amended. The EU may have to "stop the ratification process" and modify some provisions.
USD CAD - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the Bull Power maintained a short-term upward movement, the early high was close at hand, and there were signs of continuing to pull up. The MACD index was in the bull region, and the consolidation and translation were maintained, and the RSI index was in the 50 balanced online side;
Multi empty turning point: 1.30113
Pressing position: 1.30577, 1.30893
Support position: 1.29764, 1.29363
Trading strategy: bullish above 1.30113, targets 1.30577, 1.30893
Alternative strategies: bearish below 1.30113, targets 1.29764, 1.29363
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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