Canadian Dollar Price Outlook: USDCAD Retrace to Key Chart Resistance

Canadian Dollar Talking Points:

加拿大元谈话要点：

• USDCAD had a brutal week to kick-off June, but a big area of support came into play around the two-month lows thats since held sellers at bay.

  美元兑加元在六月开始了一个残酷的一周，但是，自卖方陷入困境以来的两个月低点附近出现了大面积支撑。

• USDCAD has posed a relatively mild bounce so far this week of less than 100 pips, but just ahead on the chart is a big zone of prior support that could soon come into play as resistance.

  美元兑加元构成相对温和本周到目前为止反弹不到100个点，但在图表上领先是一个很大的先前支撑区域，很快就可以作为阻力发挥作用。

• This weeks FX Setups looked at the long side of USDCAD, looking for a bounce from support; but now that prices have pushed up towards a key area of chart resistance, that stance may soon be ready to flip to the short-side.

  本周的外汇设置考察了美元兑加元的多头，寻找支撑位的反弹;但现在价格上涨到图表阻力的关键区域，这种立场可能很快就会转向空头。

USDCAD Recovery Rally Pushes Towards Resistance

美元兑加元升级反弹推动抵抗阻力

Last week was a brutal outing for USDCAD. After the pair had flickered up to a fresh five-month-high the week before, finding a bit of resistance at a key level on the chart, sellers came in, with aggression, to push prices all the way down to the late-March swing-lows. This takes place around the 1.3250 area, and after a small gap-lower to start this week‘s trade, buyers held on and have continued to push, further retracing a portion of last week’s sell-off.

上周是美元兑加元的残酷郊游。在这一周之前，他们在一个新的五个月高点闪烁之后，在图表的关键水平上找到了一点阻力，卖家以侵略的方式进入，将价格一直推到3月下旬摆动低点。这是在1.3250区域附近发生的，经过本周交易的小幅度下跌之后，买家继续推动并继续推动，进一步回撤上周抛售的一部分。

USDCAD Two-Hour Price Chart

USDCAD两小时价格图表

Chart prepared by James Stanley

James Stanley编制的图表

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As you can see on the above chart, a bit of resistance is showing up on the under-side of a trend-line projection; and this was a key component to the longer-term setup in USDCAD until it was violated after the June open. This trend-line was the support side of a longer-term symmetrical wedge pattern that was brewing for the past couple of years, with the resistance side of that formation setting-up since May of 2017. This can keep the door open for longer-term bearish themes, particularly for those looking at a bigger-picture short thesis around the US Dollar.

正如您在上面的图表中所看到的，趋势线预测的下方会出现一些阻力;这是美元兑加元长期设置的关键组成部分，直到六月开盘后违规。这条趋势线是过去几年酝酿的长期对称楔形图案的支撑方面，自2017年5月以来该形成的阻力方面已经建立。这可以使门保持更长时间 - 术语看跌主题，特别是那些lo国王在围绕美元的更大图片短篇论文。

USDCAD Weekly Price Chart

美元兑加元每周价格图表

Chart prepared by James Stanley

USDCAD Strategy Moving Forward

USDCAD策略向前推进

While this week‘s bounce has shown decent consistency, even keeping the door open for short-term bullish trend scenarios in the early-portion of this week, as looked at on Tuesday, the longer-term setup here may be more conducive for short-side themes. This bounce has been rather mild in consideration of the prior-week sell-off, and prices haven’t yet encountered the 38.2% Fibonacci retracement of that prior move. But – that retracement level, as well as the 50% marker come-in around a very interesting spot on the chart, and this incorporates the longer-term area of prior support that runs from 1.3361-1.3385.

虽然本周的反弹已经本周早些时候，即使在本周初的短期看涨趋势情景中保持开放，也表现出良好的一致性，正如周二所看到的，这里的长期设置可能更有利于短边主题。考虑到前一周的抛售，这种反弹相当温和，价格尚未遇到此前移动的38.2％斐波纳契折线。但是 - 回撤水平，以及50％标记在图表上一个非常有趣的位置附近进入，这包含了从1.3361-1.3385开始的先前支撑的长期区域。

That zone was usable for support as the USDCAD bullish trend was holding on; but now that that trend has shown signs of further breakdown potential, it can be re-utilized for lower-high resistance potential.

由于美元兑加元看涨趋势持续，该区域可用于支撑;但现在这种趋势已显示出进一步崩溃的迹象，可以重新利用它来获得更高的阻力潜力。

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USDCAD Four-Hour Price Chart

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Chart prepared by James Stanley

图表由James Stanley编写