Ultima MarketsMarket analysis: The trend of the Canadian dollar is entangled, and the decision of the Central Bank of Canada is crucial

todayUltimaMarkets Bringing you 2024year 3month 6The daily exchange rate between US dollars and Canadian dollarsIn depth analysis.

Fundamental points

• Resolution on interest rates by the Central Bank of China：加拿大央行将于周三公布最新利率决议，市场预期保持不变。加拿大通胀大幅度放缓，降息也将逐渐提上央行日程。投资者关注加拿大央行如何阐述夏季降息的可能性，若出现依旧鹰派的基调，则加元或将出现异常的升值趋势。
• 油价短期疲软：尽管欧佩克+通过将石油供应削减延长到下一个季度，短期为crude oil价格提供了支撑。但是国际能源署的预测显示，若想避免陷入供给过剩，可能需要坚持全年的产量限制。
  

technical analysis

Daily chart analysis

Daily chart of US dollar to Canadian dollar, sourceUltimaMarkets MT4）

• Random oscillation index：指标跌跌撞撞进入超买区域，若汇价无法快速突破上方高点，则指标或将在超买区域形成空头信号。
• 潜在沃尔夫浪：汇价形成潜在的沃尔夫浪，如图，点1And points3的连线短期压制汇价进一步上涨。但由于裸K上暂时没有明确的反转结构，暂时不轻易看空。
  

1Hour chart analysis

(USD to CAD)1Hour chart, sourceUltima Markets MT4）

• Random oscillation index: Indicator in50中位线下方发出多头信号，暗示短期多头占据上风。
• Rising Wedge ：汇价自2月底以来开启震荡结构，低点不断抬升，高点始终受阻，形成了上升楔形。理论上价格会上破楔形阻力位，但价格若打破上升趋势线，则汇价或将迎来深度调整。
  

Trading CentralHub Line Indicators

(USD to CAD)30Minute chart, sourceUltima Markets APP）

• according toUltima Markets APPInTradingCentralHub line indicators, central price range for the day1.3570，
• 1.3570Upward bullish, first goal1.3605Second objective1.3620
• 1.3570Under bearish, first target1.3555Second objective1.3540
  

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.UltimaMarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.