dollar ne ek bittersweet Friday experience kiya. Yeh ziada tar currencies ke against strong hua, lekin disappointing Canadian economic data ne gains ko cap kiya. Investors ne US inflation figures ke ease hone mein tasalli paayi, jo Federal Reserve ke September rate cut ki umeedon ko dobara jaga diya. Broader market mein yeh positive sentiment CAD ke downside ko limit karta hai. Canada's GDP growth quarter ke liye weaker than anticipated aayi, jo Canadian dollar ki rally ko dampen karta hai. Iske bawajood, CAD ne ziada tar currencies ke against ground gain kiya. Yeh Japanese yen ke against khas tor par strong tha, half percent se upar gaya. CAD ne British pound aur US dollar ke against bhi significant gains enjoy kiye, trading ke doran ek third of a percent se zyada appreciate karta hua. USD/CAD pair, jo Canadian dollar ke US dollar ke relative strength ka key indicator hai, ek technical perspective provide karta hai. Yeh pair recently apni uptrend line se bounce off hua hai, suggesting ke ek potential shift ho sakta hai. Jab ke yeh positive territory mein hai, isne 1.3740 ke near resistance face kiya hai. Short-term moving average ek possible bearish crossover hint karta hai, jo ek downward trend indicate karta hai.
Technical indicators for USD/CAD pair mixed signals de rahe hain. Relative Strength Index 50 se neeche hai, jo weakness suggest karta hai, jab ke Stochastic Oscillator ek bullish crossover ke baad upwards point kar raha hai. Stochastic Oscillator ka yeh upward trend RSI ko contradict karta hai aur ek potential upside signify karta hai. Agar market bearish turn leta hai, to USD/CAD pair 1.3590 ke near support dhoond sakta hai, followed by the more significant 200-day moving average at 1.3575. Is level ke neeche drop hona pair ko 1.3455Agar RSI oversold conditions dikhata hai, toh price mein reversal ka possibility badh jati hai. Fundamentally, kuch upcoming economic data releases aur central bank meetings ka bhi USD/CAD pair pe significant impact ho sakta hai. Economic indicators jaise GDP growth rate, employment data, inflation reports, aur retail sales figures dono deshon ke liye closely monitor kiya jate hain. Overall, USD/CAD ke daam 1.3612 ke horizontal support zone pe rukawat mehsoos karte hue dikh rahe hain. Yahan se market participants ke actions, upcoming economic events, aur global market dynamics pe depend karega ki price is support ko hold kar pata hai ya nahi. Agar yeh level sustain hota hai, toh ek potential bounce back ki ummeed ki ja sakti hai. Lekin agar yeh break hota hai, toh price further downside explore kar sakta.
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