• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Canadian Public Service Employees Union announced that WestJet flight attendants had issued a 72-hour strike notice. WestJet subsequently issued a 72-hour work stoppage notice.August 2nd - According to an Israeli official, as of August 1st local time, Israel assesses that US President Trump is closer than ever to approving a major military attack on Iran, although the specific plans have not yet been finalized. According to details of the contingency plan disclosed by the official, the US is considering precise and limited strikes against specific Iranian energy facilities. The assessment indicates that the US currently prefers to exclude Israel from the initial phase of the attack. However, Israel believes that a major US attack on Iran could directly trigger Iranian military retaliation, potentially forcing Israel into the conflict and into the fighting. Currently, the Israeli defense apparatus is maintaining a high level of vigilance.Trump posted on Truth Social: Oil exports are surging because of President Trump!August 2nd - On August 1st local time, the European Union announced that it will hold an emergency meeting of EU interior ministers via video conference on August 4th to discuss the migrant crisis in the Spanish enclave of Ceuta and the EUs response. This meeting was proposed by Spain. Spanish Prime Minister Sánchez had previously written to Ireland (the rotating president of the Council of the European Union), European Commission President Ursula von der Leyen, and European Council President Diego Costa, urging the EU to coordinate its response to the current migrant crisis.Former US Vice President Harris: (Regarding the war with Iran) This war is a conflict that the current president, Trump, chose to get involved in. He went to war with Israel, and for the United States, there was no clear national security issue.

USD/CAD Price Analysis: Retracement Moves Seek Confirmation at 1,3000

Alina Haynes

May 13, 2022 10:00

USD/CAD consolidates recent advances while retreating from its highest level since November 2020, reaching a fresh intraday low around 1.3010 during the Asia session on Friday.

 

In doing so, the Loonie pair depicts a pullback from a four-day-old resistance line, which was near 1.3080 at the time of publication.

 

Given that the downward-sloping RSI (14) line is not oversold, the most recent price downturn may continue for a while longer before reaching any important support.

 

However, a junction of the 100-HMA and a one-week-old ascending trend line at 1.2995 is a formidable obstacle for USD/CAD bears.

 

In the event that the price falls below 1.2995, various levels surrounding 1.2920-10, including the high from early May and the 200-hour moving average, will attract pair sellers.

 

In contrast, a decisive breach of the aforementioned short-term resistance line of 1.3080 would require confirmation from the 1.3100 level before going for the peak of 1.3172 in late November 2020.

 

In conclusion, USD/CAD decline is not indicative of a trend reversal until the quotation breaks 1.2920.

The USD/CAD Hourly Graph

 image.png