Canadian Dollar Price Chart: USD/CAD Breaks Out – Loonie Trade Levels

• USD/CAD price recovery probing confluence resistance at July range highs

  美元/加元价格回升探测7月区间高点的汇合阻力

The Canadian Dollar is slipped more than 1.1% against the US Dollar over the past three sessions with the advance now testing confluence resistance at the monthly highs – our focus is on today‘s close. These are the updated targets and invalidation levels that matter on the USD/CAD charts this week. Review this week’s Strategy Webinar for an in-depth breakdown of this Loonie trade setup and more.

过去三年加元兑美元汇率下滑超过1.1％现在正在测试汇合阻力位于月度高点的会议 - 我们关注的是今天的收盘价。这些是本周USD / CAD图表中重要的更新目标和失效水平。回顾本周的战略网络研讨会，深入了解这个Loonie交易设置等等。

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USD/CAD Price Chart - Loonie Daily

美元/加元价格走势图 - Loonie Daily

Technical Outlook: In my latest Canadian Dollar Weekly Price Outlook we noted that, the immediate focus is on a reaction of this key zone at 1.2972-1.3052 – watch the weekly close. From a trading standpoint, look to reduce short-exposure / lower protective stops in this zone. USD/CAD tested this zone for more than four weeks with yesterday‘s rally through the monthly open at 1.3076 now attempting to breach the objective July opening-range highs at 1.3145. Note that basic channel resistance extending off the yearly highs also converges on this region and further emphasizes the significance of today’s close.

技术展望：我最新的加元周报价格展望我们注意到，当前关注的焦点是该关键区域在1.2972-1.3052的反应 - 观察周收盘价。从交易的角度来看，寻求减少该区域的短期暴露/降低保护性停留。美元兑加元对该区域进行了超过四周的测试，昨日的反弹通过每月开盘于1.3076，目前试图突破目标7月开盘高点1.3145。请注意，从年度高点延伸的基本通道阻力也会收敛于该区域，并进一步强调了今天收盘的重要性。

Why does the average trader lose？ Avoid these Mistakes in your trading

为什么平均交易者会失败？在交易中避免这些错误

USD/CAD Price Chart – Loonie 120min

美元/加元价格走势图 - Loonie 120min

Notes: A closer look at Loonie price action shows USD/CAD trading within the confines of an ascending pitchfork formation extending off the monthly lows with the advance now testing confluence resistance just above 1.3145. A topside breach / close above this region is needed to keep the long-bias viable targeting the upper parallel (currently ~1.32) and the 38.2% retracement of the May decline at 1.3226.

Look for initial support at the median-line, currently ~1.3115 backed by the 25% line near 1.3080. Ultimately a break below the weekly opening-range lows at 1.3040 would be needed to mark resumption lower- such a scenario would risk a drop towards confluence Fibonacci support at 1.2971.

寻找中线的初步支撑位，目前约为1.3115，支撑位于1.3080附近的25％线。最终需要突破每周开盘低点1.3040才能将收复率降至更低 - 这样的情况可能会导致斐波纳契汇率下跌至1.2971。

Bottom line: The USD/CAD rally is now testing key confluence resistance at 1.3145/60 and leaves the immediate advance vulnerable while below this threshold near-term. From a trading standpoint, a good place to reduce long-exposure / raise protective stops – be on the lookout for possible exhaustion. Ultimately, a close above is needed to suggest a larger breakout is underway and validate a breach of the monthly opening-range. Failure here would have me looking for support ahead of the monthly open (1.3076) IF price is indeed heading higher.

一句话：美元兑加元的反弹现在正在测试关键的汇合阻力位1.3145 / 60并且在接近此门槛附近时立即前进-术语。从交易的角度来看，减少长时间曝光/提高保护性停留的好地方 - 注意可能的疲惫。最终，需要收盘才能表明正在进行更大规模的突破并确认违反了月度开盘价。如果失败，我会在每月开盘前寻找支持（1.3076）如果价格确实走高。

USD/CAD Trader Sentiment

美元/加元交易者情绪

• A summary of IG Client Sentiment shows traders are net-long USD/CAD - the ratio stands at +1.05 (51.2% of traders are long) – neutral reading

  IG客户情绪摘要显示交易者为净多头美元/加元 - 该比率为+1.05（交易者持有多头的51.2％） - 中性读数

• Long positions are 12.2% lower than yesterday and 22.9% lower from last week

  多头头寸比昨天减少12.2％，比上周减少22.9％

• Short positions are 18.1% higher than yesterday and 1.7% lower from last week

  空头头寸比昨天增加18.1％，比上周减少1.7％

• We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USD/CAD prices may continue to fall. Yet traders are less net-long than yesterday & compared with last week and the recent changes in sentiment warn that the current USD/CAD price trend may soon reverse higher despite the fact traders remain net-long.

  我们通常采取反向观点来看待人群情绪而且交易商净多头意味着美元/加元的价格可能继续下跌。然而，与上周相比，交易商的净多头较少，与上周相比，最近的情绪变化警告称，尽管交易商保持净多头，但目前美元/加元的价格走势可能很快反转走高。

Relevant US / Canada Data Releases

美国/加拿大相关数据发布

Economic Calendar - latest economic developments and upcoming event risk. Learn more about how we Trade the News in our Free Guide!

经济日历 - 最新的经济发展和即将发生的事件风险。详细了解我们如何在免费指南中交易新闻！