Canadian Dollar Price Chart: USD/CAD Breakout Stalls at Six-Week High

• USD/CAD breakout testing initial resistance hurdle near six-week highs

  美元/加元突破测试初步阻力位于六周高点附近

The Canadian Dollar is down nearly 2% against US Dollar with USD/CAD rallying to fresh six-week highs on the back of last month‘s breakout. Despite broader Dollar weakness, Loonie has remains vulnerable with the immediate focus now on near-term uptrend resistance. 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.

加元兑美元汇率下跌近2％，美元兑加元汇率上涨在上个月的突破之后达到新的六周高点。尽管美元走强，但Loonie仍处于弱势状态，目前关注近期上行阻力位。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。

{6}

New to Forex Trading？ Get started with this Free Beginners Guide

{6}

Canadian Dollar Price Chart – USD/CAD Daily

加元美元价格走势图 - 美元/加元每日

Technical Outlook: In my latest Canadian Dollar Price Outlook we highlighted the breakout potential in USD/CAD as price was testing multi-month channel resistance. A topside breach / close above the late-March swing low at 1.3250 is needed to keep the long-bias viable targeting 1.3291 ad the 61.8% retracement / May low at 1.3355/57- look for a bigger reaction there IF reached. Monthly open support rests at 1.3190 backed closely by near-term bullish invalidation at 1.3145.

技术展望：在我最新的加拿大元价格展望中我们突显了美元/加元的突破潜力，因为价格正在测试多月通道阻力位。上行突破/收盘高于3月底的低点1.3250需要保持长期偏向可行目标1.3291和61.8％的回撤/ 5月低点1.3355 / 57-寻找在IF达到更大的反应。每月公开支撑位于1.3190，受近期看涨无效1.3145支撑。

Canadian Dollar Price Chart – USD/CAD 120min

加元汇率图表 - 美元/加元120分钟

Notes: A closer look at price action shows Loonie trading within the confines of an ascending pitchfork formation extending off the July lows with price struggling to mount the upper parallel late-last week. Interim support rests at the median-line (~1.3190s) backed by 1.3141/45 - area of interest for downside exhaustion IF reached. Ultimately a break below the lower parallel / 61.8% retracement at 1.3111 would be needed to shift the broader focus lower again.

备注：进一步了解价格走势显示Loonie传统在7月低点延伸的上涨干草叉形成的范围内，价格在上周末价格难以上行。临时支撑位于1.3141 / 45支撑的中线（~1.3190s） - 下行消耗IF的利息区域。最终需要突破低于平行线/ 61.8％的回撤位1.3111才能将更广泛的焦点再次降低。

Bottom line: The USD/CAD breakout remains viable here, but the immediate advance may be vulnerable while below near-term uptrend resistance. From a trading standpoint a good spot to reduce long-exposure / raise protective stops. Ultimately a larger pullback may offer more favorable entries targeting a topside breach of this resistance zone- For now, Im looking to fade a spike higher. Keep in mind we still have Canada employment data on tap this Friday- stay nimble. Review my latest Canadian Dollar Weekly Price Outlook for a longer-term look at the technical picture for USD/CAD.

底线：美元/加元突破仍然存在，但是在近期上行阻力位下方，即时上涨可能是脆弱的。从交易的角度来看，这是减少长时间曝光/提高保护性止损的好地方。最终，更大幅度的回调可能会提供更有利的条目，目标是突破该阻力区域的上行 - 目前，我希望将峰值飙升。请记住，我们仍然有本周五的加拿大就业数据 - 保持敏捷。查看我最新的加拿大元每周价格展望，了解美元/加元的技术图片。

USD/CAD Trader Sentiment

美元/加元交易者情绪

• A summary of IG Client Sentiment shows traders are net-short USD/CAD - the ratio stands at -1.79 (35.8% of traders are long) – bullish reading

  IG客户情绪摘要显示交易者是净空头美元/加元 - 该比率为-1.79（交易者持有35.8％的多头） - 看涨读数

• Traders have remained net-short since July 23rd; price has moved 0.7% higher since then

  交易商自7月23日以来一直保持净空头;此后价格已上涨0.7％

• Long positions are 4.8% lower than yesterday and 31.3% lower from last week

  多头头寸比昨天减少4.8％，比上周减少31.3％

• Short positions are 4.0% higher than yesterday and 4.5% lower from last week

  空头头寸比昨天增加4.0％，比上周减少4.5％

• We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/CAD prices may continue to rise. Traders are further net-short than yesterday & last week, and the combination of current positioning and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias from a sentiment standpoint.

  我们通常采取逆向观点来看待人群情绪，事实上交易者是净空头的，表明美元/加元的价格可能上涨继续上升。交易商进一步净空至昨日和上周，当前定位和近期变化的结合使我们从情绪的角度看美元/加元反对交易偏向走强。

Relevant US / Canada Data Releases

美国/加拿大相关数据发布