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USDCAD: Shock and pull up
2023-02-09
1154
Fundamental analysis:
USD/CAD remained volatile around 1.34464, and the European Union's increase in "exemptions" to Russia's oil product price ceiling policy is expected to limit the rise in oil prices.
US dollar Canadian dollar USDCAD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The high-level bulls are oscillating and pulling up, the short-term bullish sentiment remains, the market bulls continue to rise, the previous high is close at hand, and the break is imminent, the MACD indicator is in the long-term zone to maintain consolidation, and the RSI indicator is in the long-term zone and continues to oscillate;
Long-short turning point: 1.34378
Suppression: 1.34562, 1.34702
Support: 1.34245, 1.34125
Trading strategy: Bullish above 1.34378, target 1.34562, 1.34702
Alternative strategy: bearish below 1.34378, target 1.34245, 1.34125
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.
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