• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 1st - According to a report by Sky News today (August 1st), FIFA President Gianni Infantino has "abandoned plans to sell a stake in FIFA events, including the World Cup." The report stated that Infantino said, "After carefully listening to all parties, I realize that this project has caused serious divisions. Regardless of the level of support, this situation no longer aligns with our original objectives. Our principle has always been—and always will be—to unite all parties and pursue progress. Therefore, this proposal will no longer be pursued." The statement also said that Infantino "plans to convene all stakeholders for renegotiation in the coming weeks and months, based on a shared concern for football, to commit to the continued development of football globally, especially to provide more support for the development of football in those countries that need it most."According to RIA Novosti, Russian air defense forces shot down more than 21,000 Ukrainian drones over Russian territory in July.According to the Financial Times, Federal Reserve Governor Musaleem said he favors raising interest rates.According to the Financial Times, Federal Reserve Chairman Mossallem stated that the bond sell-off is a warning sign of the Feds credibility.According to Tasnim News Agency, a senior Iranian security official stated that Iran considers the potential US and Israeli plans to attack Iranian infrastructure to be a reckless act. Iran has developed a comprehensive plan that includes targeting critical Israeli infrastructure, as well as US energy infrastructure in the region.

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