简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: Buying on dips strategically
2022-07-17
1318
Fundamental analysis:
The US dollar against the Canadian dollar hit a new high of 1.3222 this week since early November 2020, but the Bank of Canada deepened its hawkish stance, limiting the decline of the Canadian dollar, and the exchange rate is currently running below the 1.31 mark.
USD/CAD USDCAD daily chart:
A brief technical analysis:
From the daily chart: After the exchange rate broke through the upward trend, the MACD started to strengthen on the 0 axis and the volume increased slightly. The RSI strengthened 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
