简体中文
ภาษาไทย
繁體中文
Indonesia
USDCAD: Wait for the reversal to continue to buy
2022-08-23
1335
Fundamental analysis:
The dollar has found support in recent sessions as several Fed officials reiterated their aggressive monetary tightening stance. Earlier this week, the Fed will hold a seminar in Jackson Hole, Wyoming.
USD/CAD USDCAD daily chart:
A brief technical analysis:
From the daily chart: the short-term exchange rate continues to rise slightly, the MACD is running on the 0-axis and the volume and energy 0-axis begin to increase in volume, and the RSI is finishing up.
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
