The Role of Price Action: USD/ CAD
Hamara discussion USD/ CAD currency pair ki current price behavior ka analysis karega. Weekly chart pe, USDCAD pair ne haal mein sideways move kiya hai. Hum yeh reveal karein ge ke yeh southward trend continue karta hai ya koi alternative direction emerge hoti hai. Mein aglay hafte ke liye pair ki movement predict karunga. Technical analysis review karne ke baad, hum recommendations bana sakte hain. Moving averages sale indicate karte hain, technical indicators strongly selling ko suggest kar rahe hain, aur overall outlook continued sell-off ki taraf indicate karta hai. Yeh pair aagay further south move kar sakta hai. Thursday ko resistance ka ikhlaqi taur pe sign tha, jo ek false buy signal bana jo jaldi se sell signal mein tabdeel ho gaya, aur yeh successful sabit hua. Uske baad koi further buy ya sell signals nahi aaye. Friday tak, price 1.35491 ke support level ke qareeb trade ho rahi thi. Agar yeh support break karta hai aur consolidate hota hai, tou bearish target 1.34596 ka support hoga. Dusri taraf, agar 1.36278 ka resistance break karta hai tou bullish target 1.36952 hoga.
Ab hum un key news releases ka zikar karte hain jo pair ki movement ko influence kar sakti hain. U.S. se ahem data likely hai, aur forecast filhaal optimistic hai. Thursday ko 15:29 par kuch significant U.S. reports possible hain, aur outlook favorable hai. Canada bhi kuch important news release karega, lekin unka forecast neutral hai. Friday ko 15:29 par Canada ka GDP figures publish hoga, jisme optimistic forecast diya gaya hai. In factors ko madde nazar rakhte hue, mein aglay hafte sideways movement ki umeed karta hoon. Sales pair ko 1.3489 ke support level ki taraf dhakel sakti hain, jabke buying opportunities 1.3649 ke resistance level tak uth sakti hain. Overall, mein expect karta hoon ke range-bound movement hoga. USD/CAD currency pair ne downward pullback experience kiya hai, aur technical indicators H1 chart par selling pressure ko suggest karte hain. Hourly chart sellers ko favor kar raha hai, aur bears ko 1.3539 ke level ko break karna hoga. Price is area mein hover karti rahegi.
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