简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: Bulls re-enter the market
2022-08-03
1398
Fundamental analysis:
According to CME’s “Federal Reserve Watch”: the probability of the Fed raising interest rates by 50 basis points by September is 58.5%, and the probability of raising interest rates by 75 basis points is 41.5%; The probability of raising interest rates by 100 basis points is 45.7%, and the probability of accumulative rate hikes of 125 basis points is 10.2%
USD/CAD USDCAD daily chart:
A brief technical analysis:
From the daily chart: the exchange rate has risen above the long-short turning area for two consecutive days, the MACD is running below the 0-axis but the volume is almost absent, the RSI has risen slightly, and it is expected that the short-term exchange rate will likely rise further.
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
