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Spains unemployment rate rose 0.85% month-on-month in July, compared with -1.24% in the previous month.According to Futures News on August 4th, as of 15:00 Beijing time, spot platinum rose 1.13% and spot palladium rose 1.14%.On Tuesday, August 4th, the German DAX 30 index opened 116.65 points higher, or 0.45%, at 26152.48; the UK FTSE 100 index opened 34.24 points higher, or 0.32%, at 10891.94; the French CAC 40 index opened 40.39 points higher, or 0.47%, at 8654.21; the Euro Stoxx 50 index opened 40.05 points higher, or 0.62%, at 6466.55; the Spanish IBEX 35 index opened 22.58 points higher, or 0.11%, at 20005.18; and the Italian FTSE MIB index opened 312.28 points higher, or 0.59%, at 53184.00.Spains unemployment figures changed by 19,500 in July, compared to a decrease of 28,700 in the previous month.On August 4th, the head of the Department of Trade in Services of the Ministry of Commerce introduced the development of service trade from January to June 2026. From January to June 2026, my countrys total service trade volume reached 3,779.75 billion yuan (RMB), a year-on-year increase of 8.3%. Exports totaled 1,504.7 billion yuan, up 17.6%; imports totaled 2,275.05 billion yuan, up 2.9%. The service trade deficit was 770.35 billion yuan, narrowing by 161.42 billion yuan compared to the same period last year. Specifically, from January to June, travel service exports reached 229.2 billion yuan, up 31.1%, the fastest growth among the top five service export sectors; transportation service imports reached 498.1 billion yuan, up 30.4%, the fastest growth among the top five service import sectors.

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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