Experts believe that the Canadian economy will return to full capacity in 2022, sooner than the regulator had forecast (the CB January estimate: 2023).
USD/CAD, 30 min
Pivot: 1.2474
Analysis:
Provided that the currency pair is traded below 1.2520, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.2474
- Take Profit 1: 1.2430
- Take Profit 2: 1.2400
Alternative scenario:
In case of breakout of the level 1.2520, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.2520
- Take Profit 1: 1.2545
- Take Profit 2: 1.2570
Comment:
RSI shows the possibility of a downtrend during the day.
Key levels:
Resistance Support
1.2570 1.2430
1.2545 1.2400
1.2520 1.2370
USD/CAD, D1
Pivot: 1.2477
Analysis:
While the price is below 1.2745, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2477
- Take Profit 1: 1.2300
- Take Profit 2: 1.2180
Alternative scenario:
If the level 1.2745 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2745
- Take Profit 1: 1.2855
- Take Profit 2: 1.2980
Comment:
RSI shows the possibility of the downtrend in the medium term.
Key levels:
Resistance Support
1.2980 1.2300
1.2855 1.2180
1.2745 1.2000
NZD/JPY Forecast Fundamental Analysis | New Zealand Dollar / Japanese Yen
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