Ultima Markets[Market Analysis] Reaching Support Level, Employment Data or CAD Assistance...

todayUltimaMarkets Bringing you 2024year 5month 10The daily exchange rate between US dollars and Canadian dollarsIn depth analysis.

Fundamental points

• Employment numbers：今日加拿大公布就业人数数据。加拿大近期就业市场似乎仍然具有弹性，工资增长在最近一个月有所放缓，但总体趋势相对较热。强劲的就业数据意味着加拿大GDP将向好，届时加元存在进一步升值动力。
• Financial Stability Report：加拿大央行央行的金融稳定报告称，如果利率走势不符合市场预期，一些资产的价格可能会突然出现回调。市场 “越来越关注利率何时下降以及下降多少”。这重新激发了风险偏好，并推高了资产价格。
  

technical analysis

Daily chart analysis

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

• Random oscillation index: Indicator in50中位线附近徘徊，暗示当前汇价正处于多空不明朗阶段。在明确的震荡阶段需要关注上下方的阻力来做短线交易。
• Oscillation interval：汇价目前受阻于红色33日均线，同时也是前期关键的支撑阻力转换区域。上方则是明确的绿色下行趋势线，汇价在有效突破该区间前都将以震荡趋势为主。
  

4Hour chart analysis

(USD to CAD)4Hour chart, sourceUltima Markets MT4）

• Random oscillation index：指标进入超卖区域，短期加元以升值趋势为主。需警惕日内指标发出多头信号，汇价或存在反弹的概率。
• Lower support position：美元兑加元目前处于下行通道下沿，同时也是虚线200周期均线附近。汇价存在反弹调整的概率。但汇价若继续下破，则下方空间打开，美元兑加元或将深度调整。
  

Trading CentralHub Line Indicators

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

• according toUltima Markets APPInTradingCentralHub line indicators, central price range for the day1.3705，
• 1.3705Upward bullish, first goal1.3720Second objective1.3735
• 1.3705Under bearish, first target1.3645Second objective1.3630
  

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.