USD/CAD ne 1.3700 ke neeche girawat dekhi; ye nayi selling interest ko attract kar sakta hai. Agla support 1.3600-1.3622 ke area mein aasakta hai. U.S. S&P Global PMI aur Canadian retail markets bhi ab questions mein hain. USD/CAD ne paanch trading days mein girawat dekhi hai, jisse ye speculation barh gayi hai ke kuch recovery ho sakti ha
Lekin technical picture dikhata hai ke bears ko kaafi kaam karna hoga. Thursday ke 20- aur 50-day simple moving averages (SMAs) ke neeche close aur short-term falling channel mein waapsi se nayi selling interest aa sakti hai upcoming session mein. Saath hi, RSI apni 50 neutral mark se neeche chala gaya hai aur stochastic oscillator, jo ke oversold territory mein hai, abhi bottom out nahi hua hai, dono further declines ki taraf ishara karte hain
Agar bearish scenario play out hota hai, toh pair ko support 61.8% Fibonacci retracement of October-December 2023 downtrend at 1.3622 aur broad bullish channel ke lower band at 1.3600 ke beech kahin mil sakta hai. Dhyan dein ke is din ka SMA bhi is neighborhood mein hai aur ek step neeche further declines ko trigger kar sakta hai 1.3500-1.3525 tak.
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Doosri taraf, agar price 1.3700 ke upar bounce hota hai toh traders ka interest tab tak nahi aayega jab tak price 78.6% Fibonacci mark of 1.3740 ke beyond nahi hota. Aise mein, dhyan 1.3800 level par shift hoga, jo bull line ka upper limit hai. Wahan ek aur breakthrough pair ko 1.3844 tak push kar sakta hai 2024 mein, aur usse aage 1.3900 ka high in 2023 agla resistance ho sakta hai
Overall, USD/CAD short-term picture mein oversold face kar raha hai. Jab tak pair 1.3700 ke upar nahi aata, bears next 1.3600-1.3622 region mein move kar sakte hain
Yeh girawat five trading days ke dauran hui hai aur speculation hai ke kuch recovery ho sakti hai. Lekin technical indicators yeh suggest karte hain ke further declines aane wale hain. 20- aur 50-day SMAs ke neeche close hone se fresh selling interest aa sakti hai. RSI aur stochastic oscillator bhi neeche point kar rahe hain, jo further bearish movement ki taraf ishara karte hain
Agar price 61.8% Fibonacci retracement level aur bullish channel ke lower band ke neeche jata hai, toh 1.3500-1.3525 tak decline ho sakta hai. Lekin agar price 1.3700 ke upar bounce hota hai, toh traders ka interest wapas aa sakta hai aur price 1.3740 se 1.3800 tak ja sakta hai. Long-term mein, 1.3844 aur 1.3900 tak bhi price push ho sakti hai agar bullish trend continue karta hai
Isliye, ab tak ka trend yeh suggest karta hai ke short-term mein further declines expected hain jab tak price 1.3700 ke upar nahi aata. Bears ko closely monitor karna hoga aur agle support levels ka dhyan rakhna hoga taake market conditions ko effectively navigate kiya ja sake.
Lekin technical picture dikhata hai ke bears ko kaafi kaam karna hoga. Thursday ke 20- aur 50-day simple moving averages (SMAs) ke neeche close aur short-term falling channel mein waapsi se nayi selling interest aa sakti hai upcoming session mein. Saath hi, RSI apni 50 neutral mark se neeche chala gaya hai aur stochastic oscillator, jo ke oversold territory mein hai, abhi bottom out nahi hua hai, dono further declines ki taraf ishara karte hain
Agar bearish scenario play out hota hai, toh pair ko support 61.8% Fibonacci retracement of October-December 2023 downtrend at 1.3622 aur broad bullish channel ke lower band at 1.3600 ke beech kahin mil sakta hai. Dhyan dein ke is din ka SMA bhi is neighborhood mein hai aur ek step neeche further declines ko trigger kar sakta hai 1.3500-1.3525 tak.
Doosri taraf, agar price 1.3700 ke upar bounce hota hai toh traders ka interest tab tak nahi aayega jab tak price 78.6% Fibonacci mark of 1.3740 ke beyond nahi hota. Aise mein, dhyan 1.3800 level par shift hoga, jo bull line ka upper limit hai. Wahan ek aur breakthrough pair ko 1.3844 tak push kar sakta hai 2024 mein, aur usse aage 1.3900 ka high in 2023 agla resistance ho sakta hai
Overall, USD/CAD short-term picture mein oversold face kar raha hai. Jab tak pair 1.3700 ke upar nahi aata, bears next 1.3600-1.3622 region mein move kar sakte hain
Yeh girawat five trading days ke dauran hui hai aur speculation hai ke kuch recovery ho sakti hai. Lekin technical indicators yeh suggest karte hain ke further declines aane wale hain. 20- aur 50-day SMAs ke neeche close hone se fresh selling interest aa sakti hai. RSI aur stochastic oscillator bhi neeche point kar rahe hain, jo further bearish movement ki taraf ishara karte hain
Agar price 61.8% Fibonacci retracement level aur bullish channel ke lower band ke neeche jata hai, toh 1.3500-1.3525 tak decline ho sakta hai. Lekin agar price 1.3700 ke upar bounce hota hai, toh traders ka interest wapas aa sakta hai aur price 1.3740 se 1.3800 tak ja sakta hai. Long-term mein, 1.3844 aur 1.3900 tak bhi price push ho sakti hai agar bullish trend continue karta hai
Isliye, ab tak ka trend yeh suggest karta hai ke short-term mein further declines expected hain jab tak price 1.3700 ke upar nahi aata. Bears ko closely monitor karna hoga aur agle support levels ka dhyan rakhna hoga taake market conditions ko effectively navigate kiya ja sake.
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