USD/CAD: technical long term

USD/CAD: technical long term

2020-06-16 • Dikemaskini

The fundamental layout for USD/CAD suggests a continuous appreciation of the USD against the CAD. At least, this has been the case for the last 10 years, and it makes sense: in a normal state of expansion, the US economy is much stronger than the Canadian, and the latter depends on the US consumption. That’s why, although the currency pair has been going sideways in the channel 1.2960 – 1.3360 just as we see on the left side on the chart, it is a part of a larger uptrend.

At the same time, the heights at which USD/CAD has been trading in February-May (mostly above 1.3860) are not a “natural” baseline channel where USD/CAD would come following the long-term trend. Rather, it was pushed there “superficially” by fearful investors who were mostly trading risk-off during the fiercest months of the virus crisis. Now, as global infection rates decrease, there is no solid ground for such an inflated drive upwards for USD/CAD – hence the mid-term downturn we see. The latest bullish episode with a leap from 1.3360 to the current 1.3653 just confirms this assumption: USD got appreciated on the second wave fear; once it gets dissipated, it will get descend to get into a slower, almost sideways-looking ascension.

1.png

                                                                                                    LOG IN

Serupa

Pasaran Minyak Gempar UAE Nak Tinggalkan OPEC!
Pasaran Minyak Gempar UAE Nak Tinggalkan OPEC!

Pasaran minyak mentah digegarkan oleh laporan bahwa Emiriah Arab Bersatu (UAE) mempertimbangkan untuk keluar daripada pertubuhan Negara-negara Pengeksport Petroleum (OPEC) Ini susulan laporan Wall Street Journal yang memetik kenyataan pegawai Emirati…

Berita terkini

Deposit dengan sistem pembayaran tempatan anda

Notis pengumpulan data

FBS menyimpan rekod data anda untuk mengoperasikan laman web ini. Dengan menekan butang "Terima", anda menyetujui Polisi Privasi kami.

Callback

Pengurus akan menghubungi anda dalam amsa terdekat

Tukar nombor

Permohonan anda telah diterima

Pengurus akan menghubungi anda dalam amsa terdekat

Permohonan panggil balik seterusnya untuk nombor telefon ini
boleh dilakukan dalam dalam

Jika anda mempunyai isu yang perlu disegerakan, sila hubungi kami menerusi
Live Chat

Masalah dalaman. Sila cuba sebentar lagi

Jangan bazir masa anda – pantau bagaimana NFP mempengaruhi dolar AS dan kaut keuntungan!

Anda sedang menggunakan pelayar web yang versinya sudah lapuk.

Kemaskini kepada versi terkini atau cuba pelayar lain untuk penggunaan yang lebih selamat, selesa dan produktif.

Safari Chrome Firefox Opera