EUR/USD 1.17694
0.398%
Gold 4720.60
0.716%
Oil 91.612
-3.239%
USD/JPY 156.702
-0.145%
GBP/USD 1.36144
0.472%
GBP/JPY 213.345
0.339%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian President Zelensky: Ukrainian peace negotiators held substantive talks in the United States.On May 8th, the Cyberspace Administration of China, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents." The document proposes cultivating open-source innovation capabilities. It guides domestic AI open-source communities to strengthen their intelligent agent deployment and promote compatibility and adaptation of intelligent agents with open-source chips, operating systems, and large-scale open-source models. It also encourages enterprises, universities, and research institutions to actively participate in open-source projects related to intelligent agent frameworks, interaction interfaces, and toolchains, promoting the integrated development of technological systems and accelerating the enhancement of international influence.On May 8th, the Cyberspace Administration of China, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents." The document proposes promoting the application of intelligent agents in internet applications and services to optimize the experience of online shopping, navigation, bill payment, and daily office work. It also promotes the coordinated development of intelligent agents with terminal devices such as mobile phones, computers, automobiles, home appliances, wearables, and consumer robots to enhance their ability to complete tasks across applications and devices. Furthermore, it aims to improve the customer service capabilities of intelligent agents, providing 24/7 consultation, appointment, and after-sales services. The document also encourages the development of embodied intelligent agents for guidance, cleaning, warehousing, and distribution to improve the operational efficiency of commercial establishments such as catering, retail, accommodation, and logistics. Finally, it explores the use of embodied intelligent agents to provide low-cost services such as housekeeping, elderly care, childcare, and disability assistance.The European Commission has issued guidance to the EUs transport and tourism sectors in response to ongoing fuel supply disruptions.Kremlin: The EU is preparing for potential talks with Russian President Vladimir Putin, who has repeatedly stated his willingness to negotiate with anyone.

USD/CAD Bears are nearing multi-month support close to $1.3470

Alina Haynes

Mar 31, 2023 11:49

USD:CAD.png

 

USD/CAD sellers eye 1.3520-25 after falling to the lowest levels since February 22 as markets become volatile on Friday ahead of the release of crucial US inflation data. As a result, during the five-day losing sequence, the Loonie duo demonstrates modest losses.

 

However, the successful break below the 50-day moving average and the bearish MACD signals maintain optimism among sellers. The absence of a fatigued RSI (14) line strengthens the bearish bias.

 

Notably, a rising support line from early June 2022, which was near 1.3475 at the time of publication, appears to be a formidable obstacle for USD/CAD bears to surmount. In addition to emphasizing the significance of the 1.3475 level, the decline of the RSI below the 50 level suggests that purchasing near the key support line is likely.

 

The 200-day moving average and an ascending trend line from mid-November 2022 near 1.3375 and 1.3295 could challenge the bears if the Loonie pair breaches the 1.3475 support level.

 

To convince short-term USD/CAD investors, recovery advances require confirmation from the 50-day simple moving average (SMA) resistance of 1.3545.

 

However, the mid-month low around 1.3650-55 and December 2022 highs around 1.3705 can challenge the Loonie pair's further ascent before underscoring the previous yearly high of 1.3977.


Suggestion