USD/CAD(20250502)Today's Analysis

39
Market news:
① Hassett, director of the U.S. National Economic Council: Tariff news is expected to be announced before the end of today (Thursday, Eastern Time). ② U.S. Vice President Vance: India may be one of the first countries to reach a trade agreement. ③ The United States confirmed that Canadian and Mexican auto parts are tariff-free. ④ British media: The EU plans to purchase an additional 50 billion euros of U.S. goods in order to resolve trade issues.

Technical analysis:
Today's buying and selling boundaries:
1.3832

Support and resistance levels:
1.3910
1.3881
1.3862
1.3802
1.3783
1.3754

Trading strategy:
If the price breaks through 1.3862, consider buying, the first target price is 1.3881
If the price breaks through 1.3832, consider selling, the first target price is 1.3802

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.