简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: low move down
2023-03-30
965
Fundamental analysis:
USD/CAD remained volatile around 1.35581. No one expects the Bank of Canada to raise interest rates on April 14. Both interest rate differentials and general growth expectations are unfavorable for the Canadian dollar. The North American banking crisis may spread. However, all of these negatives are known. Shorting USD/CAD on this basis would benefit from easing concerns about the banking sector and peaking Fed rates.
US dollar Canadian dollar USDCAD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum of the market is shrouded, and the short-term decline has not stopped. The short-term momentum of the market is constantly moving downward.
Resistance levels: 1.35821 1.35983
Support levels: 1.35462 1.35357
Trading strategy: bearish below 1.35648, target 1.35462 1.35357
Alternative strategy: Bullish above 1.35648, target 1.35821 1.35983
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
