Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes USD/CAD technical outlook.
Trend momentum has turned bullish
A high close for the USD yesterday delivered a bullish cue for the daily USD/CAD chart via an outside range signal.
Trend momentum has turned bullish on the short-term studies and has been weakened on the daily DMI. The setup suggests potential for some additional – but perhaps limited – USD gains in the short run as the USD corrects the sharp run lower through June.
I had expected firm USD resistance in the low/mid 1.32 area but the USD rebound yesterday increases the risk of gains extending to retest key resistance at 1.3315/25.
Short-term support is 1.3190/00.
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Tinggalkan pesan Anda sekarang