USD/CAD: DECLINE COULD EXTEND TOWARD 1.3000/1.2930 ON FAILURE TO DEFEND 1.3110

18 Jul 2023, 23:45 · 閱讀量 89

Economists at Société Générale analyze USD/CAD technical outlook.

50-DMA near 1.3340/1.3380 is likely to be an important resistance zone

USD/CAD has achieved downside projections near 1.3110 resulting in a bounce. Daily MACD has started posting positive divergence denoting receding downward momentum.

A short-term rebound can’t be ruled out however 50-DMA near 1.3340/1.3380 is likely to be an important resistance zone.

If the pair fails to defend 1.3110, the down move could extend towards 1.3000/1.2930, the 50% retracement from 2021.

風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。

喜歡的話，讚賞支持一下

USD/CAD: DECLINE COULD EXTEND TOWARD 1.3000/1.2930 ON FAILURE TO DEFEND 1.3110 – SOCGEN

50-DMA near 1.3340/1.3380 is likely to be an important resistance zone