CAD is calling back

The trend of US dollar against Canadian dollar, the chart shows that the RSI and Stochastic Index have gone up; and the macd indicator has just broken the signal line, it is expected that the exchange rate is expected to continue to rebound. The current near-term resistance will first pay attention to the MA-50 ofa. If it can be broken, there are preliminary signs of building up. For further resistance, in addition to the 1.29 at the top of the range, there is an important checkpoint of 1.30. . The closer support at 1.2580, and the larger support is estimated at the 100-month average of 1.2490. Last month's low happened to find support in this area, and the next level refers to the 1.2250 level.

Estimated volatility:
Resistance 1.2720 - 1.2900 - 1.3000
Support 1.2580 - 1.2490 - 1.2250

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