Analysts Expect Us Dollar / Canadian Dollar To Be Consolidated In The Short Term

2010/9/21 17:07:00 54

Market analysts forecast that the US dollar / Canadian dollar short term will be consolidated on Tuesday (September 21st).

market risk

Preferences rebound, dollar weakness, oil

Rise in price

Other factors are conducive to the Canadian dollar, but the US dollar / Canadian dollar has limited downside because Canada's wholesale sales in July dropped by 0.1%, which is 0.1% less than the market expected.

Meanwhile, the market remained cautious before the announcement of the Federal Open Market Committee.

Federal Open Market Committee

FOMC

The results of the meeting will be announced on Wednesday, Beijing time, 02:15.

Currently, the market is widely expected that, as the economic recovery is still weak, the Fed is likely to continue to maintain interest rates unchanged, and continue to publish cautious and mild remarks on the economy.

In terms of local data, the Canadian consumer price index August will be released at 19:00.

The US dollar / Canadian dollar daily chart is not the same, MACD is bearish, but random indicators are rising in the oversold area, and the K-line chart completes the daily package chart form on Monday.

Exchange rate support saw Monday's low of 1.0257, followed by a low of 1.0208 last Friday.

The resistance point is that Monday's high point is the highest Friday 1.0346-1.0350. After the breakthrough, the uplink target points to the September 10th high of 1.0374, which coincides with the 200 day moving average.