Market Impact of Recent Data Releases
Har data release market mein ripple effect uttha sakta hai, jaisa ke Wednesday ke early US session mein dekha gaya jab pair mein ek substantial sell-off ka samna hua aur yeh 1.3710 ke qareeb chala gaya. Yeh achanak tabdeeli ko Statistics Canada ki mazboot Canadian employment data ke izhaar ne trigger kiya.
Bank of Canada ke Financial System Review se Nazar Andaz
Bank of Canada (BoC) ne haal hi mein apna Financial System Review (FSR) unveil kiya. BoC Governor Tiff Macklem ne Canada ke financial system ki mazbooti par confidence ka izhar kiya, lekin unhone global markets mein potential volatility ke aaghaz ki cautionary note di.
West Texas Intermediate (WTI) futures NYMEX par teen musalsal trading sessions ke liye jeet rahe hain, jinhe Federal Reserve ke policy normalization ki taraf mutawaqqa ghoomte hue, jaise ke September ki meeting se intezar hai, ke baray mein speculation ne bhara hai. Canada ka United States ke liye leading oil exporter hone ka darja loonie ke appeal ko aur bhi mazboot banata hai, kyun ke buland tail ke prices traditional tor par Canadian Dollar ko support dete hain.
USD/CAD ka Technical Analysis:
Pair ne apni position ko 1.3650 ke qareeb barqarar rakha, jahan bids sirf 1.3630 se 1.3725 tak phaili pivotal demand area ke upar rahe. Magar, 1.3700 threshold ke neeche 200-hour Exponential Moving Average (EMA) ko paar karne ki koshishen mukhalifat ka samna kar rahi hain, jo bullish momentum ko rukawat mein daal rahi hai. Mukhalifan, pair ko 1.3600 level tak khinchna chahte short-sellers ki koshishen mushkil sabit hui hain.
1.3600 ke aas paas May 3 ke low ke neeche breakdown hone par pair ko mazeed downside ka samna karna padh sakta hai, jahan support levels 1.3548 ke April 9 ke low aur 1.3500 ke psychological barrier aayeinge. Khaas taur par, 14-period Relative Strength Index (RSI) mein ek sharp contraction in volatility ka ishara hai, jo 40.00 se 60.00 ke darmiyan ek range mein barqarar hai.
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