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On April 4, local time, a spokesperson for Irans Hatem Anbia Central Headquarters issued another warning to Israel, stating that if any aggression or attack is launched against any location of an Iranian embassy or diplomatic mission, all Israeli embassies in the region will become legitimate targets of Iranian armed forces, and Iran will take swift and forceful action.The China Earthquake Networks Center officially reported that a magnitude 3.3 earthquake occurred at 15:52 on April 4 in Dayao County, Chuxiong Prefecture, Yunnan Province (25.65 degrees north latitude, 101.52 degrees east longitude), with a focal depth of 10 kilometers.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.4 occurred at 15:52 on April 4 near Dayao County, Chuxiong Prefecture, Yunnan Province (25.67 degrees north latitude, 101.55 degrees east longitude). The final result is subject to the official rapid report.April 4th - The first meeting of the China-Canada Financial Working Group was held in Beijing on April 3rd. The meeting was co-chaired by Pan Gongsheng, Governor of the Peoples Bank of China, and François-Philippe Champagne, Minister of Finance of Canada. High-level representatives from the Peoples Bank of China, the State Financial Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and financial regulatory authorities from Canada, including the Ministry of Finance, the Bank of Canada, and the Financial Institutions Authority of Canada, attended the meeting. During the meeting, the financial regulatory authorities from both sides exchanged views on global macroeconomic conditions, monetary policy, financial regulation, financial market development, global financial governance, and addressing increasing uncertainty. Both sides agreed that strengthening communication between regulatory agencies and financial institutions would help create a stable and predictable business environment and promote bilateral trade and economic exchanges. Both sides recognized the important role of the financial sector in promoting economic growth and driving bilateral trade and investment, and believed that strengthening communication between their respective financial regulatory authorities was of positive significance.April 4th - According to a letter to the European Commission seen by Reuters on Saturday, finance ministers from five EU member states have called for taxes to be levied on the "excessive profits" energy companies have made due to rising fuel prices caused by the war with Iran. The finance ministers of Germany, Italy, Spain, Portugal, and Austria made this appeal in a joint letter, stating that this move would send a signal that "we are united and capable of taking action." It would also send a clear message that those who profit from the war must bear their due responsibility for alleviating the burden on ordinary people.

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

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