The governor of the Bank of Canada said that inflation would determine the rate hike or greater than 50 basis points

Fundamental analysis:

The USD / Canadian dollar remained volatile around 1.26990. Bank of Canada Governor Mike LEM said that inflation would determine the rate of interest rate rise, and reiterated that the bank may need to raise interest rates several times in a row, or consider taking measures greater than 50 basis points. Bringing inflation back to the 2% target is the central bank's top priority, although the central bank hopes to avoid excessive cooling of the economy.

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

Technical comments: it has been maintained in the middle and lower rail section of the brin belt index channel for a long time. After the low level reaches the node near 1.25173, the Bull Power waits for the opportunity to enter the site, strongly pulls up, breaks through the brin belt index on the rail to the node near 1.27048 and reorganizes. In the short term, the bull power continues to pull up, the brin belt index is in a good trend, and the MACD index is constantly moving up above the 0 axis, RSI index keeps rising above the 50 equilibrium line;

Multi empty turning point: 1.26830

Pressing position: 1.27365, 1.27790

Support position: 1.26449, 1.26070

Trading strategy: bullish above 1.26830, target 1.27365, 1.27790

Alternative strategy: bearish below 1.26830, target 1.26449, 1.26070

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