The George Davis Report: August 2023 Edition
By
George Davis, CMT
Published August 14, 2023
|
8 min watch
A monthly video series on the trajectory of the Canadian dollar
Don’t miss this month’s edition of the George Davis Report, where George provides a real-time example of how cross asset technical analysis can be applied to USD/CAD.
We have repeatedly referenced our correlation framework in past videos discussing USD/CAD.
The current environment features an interesting cross asset setup that can be assessed in real-time.
We isolate and examine the charts of key variables in order to assess directional risks for USD/CAD.
Our analysis points to topside risks, causing us to raise our expected trading range this month.
We also identify key support and resistance levels resulting from our analysis that can be used in hedging strategies.
For the trading range:
USD/CAD
George Davis, CMT
Chief Technical Strategist, Fixed Income, Currencies & Commodities, RBC Capital Markets
With over 30 years of market experience, George Davis is responsible for RBC’s Canadian dollar forecasts as well as intermarket technical analysis research that covers the FX, fixed income and commodity asset classes. Prior to this, he was a Vice President on RBC’s spot Canadian dollar and forward foreign exchange desks in Toronto and a foreign exchange Dealer in Montreal.
His technical research has been recognized via twenty-two international awards in the FX, fixed income, commodity and emerging markets asset classes. George was also awarded Technical Analyst of the Year six times by the Technical Analyst magazine and once by the Canadian Society of Technical Analysts, in addition to being inducted into the CSTA Hall of Fame in 2017. George has a Bachelor of Commerce (Honours) from Concordia University, holds the Chartered Market Technician (CMT) designation and is a Managing Director of RBC Capital Markets.
CADCross-AssetDirectional RisksEconomyGeorge DavisHedging StrategiesMarket
