#USDCAD reversed from long-term resistance level 1.3840
Likely to fall to support level 1.3600
USDCAD currency pair continues to fall after the pair reversed down with the weekly Shooting Star from the major long-term resistance level 1.3840, which has been reversing the pair from 2022.
The resistance level 1.3840 was strengthened by the upper weekly Bollinger Band.
Give the overbought weekly Stochastic, USDCAD currency pair can be expected to fall further to the next support level 1.3600.
#USDCAD reversed from long-term resistance level 1.3840
Likely to fall to support level 1.3600
USDCAD currency pair continues to fall after the pair reversed down with the weekly Shooting Star from the major long-term resistance level 1.3840, which has been reversing the pair from 2022.
The resistance level 1.3840 was strengthened by the upper weekly Bollinger Band.
Give the overbought weekly Stochastic, USDCAD currency pair can be expected to fall further to the next support level 1.3600.
Importantly, that investor viewpoint is not new. It cycles in when conditions are right (and vice versa). It also brings the ineffective warnings of an overpriced market with it.Looking toward a good 2022 stock market, there is no apparent reason to expect these issues to change.
China’s stock markets are some of the largest in the world, with total market capitalization reaching RMB 79 trillion (US$12.2 trillion) in 2020. China’s stock markets are seen as a crucial tool for driving economic growth, in particular for financing the country’s rapidly growing high-tech sectors.Although traditionally closed off to overseas investors, China’s financial markets have gradually been loosening restrictions over the past couple of decades. At the same time, reforms have sought to make it easier for Chinese companies to list on onshore stock exchanges, and new programs have been launched in attempts to lure some of China’s most coveted overseas-listed companies back to the country.
