Monthly sales rate of existing houses in Canada in may -8.6%

Fundamental analysis:

The USD / Canadian dollar remained volatile around 1.28892. The monthly sales rate of existing houses in Canada in May was -8.6%, expected to be -6.00%, and the previous value was -12.60%.

USD Canadian dollar USDCAD - 4-hour K-line chart display:

Technical comments: the bull power continued to fluctuate and rise in the upper rail section of the Bollinger belt index channel. When the high level reached the node near 1.29928, it retreated due to resistance. After touching the node near the middle rail of the Bollinger belt index, it vibrated. After the Bollinger belt index showed an upward trend, it began to close. The MACD index was at the high level of the bull region and maintained the retreat and decline. The RSI index was at the high level and began to fluctuate and decline after the shift

Multi empty turning point: 1.29033

Pressing position: 1.29404, 1.29731

Support position: 1.28521, 1.28161

Trading strategy: bearish below 1.29033, target 1.28521, 1.28161

Alternative strategy: bullish above 1.29033, target 1.29404, 1.29731

The above analysis is a personal point of view and is for reference only.