简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: Backtesting continues to buy
2022-07-14
1235
Fundamental analysis:
Indebted Canadian households are more vulnerable to higher borrowing costs despite the Bank of Canada's larger-than-expected rate hike, making it unlikely that the Bank of Canada will go as far as the Fed.
USD/CAD daily chart:
A brief technical analysis:
From the daily chart: the exchange rate continues to run above the support level, and fluctuates in a narrow range in the short term. MACD starts to weaken on the 0 axis but the volume is slightly increased. The RSI weakens slightly. .
Long-short turning point: 1.2850
Resistance: 1.3030 1.3200
Support level: 1.2650 1.2450
Trading strategy: bullish above 1.2850, target price at 1.3030, 1.3200
Alternative strategy: bearish below 1.2850, target price at 1.2650, 1.2450
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
