USD/CAD Weekly Forecast: Navigating Technical Signals and Economic Trends
USD/CAD remains in a consolidation phase, trading between key support at 1.3600 and resistance at 1.3760. Technical indicators show neutral momentum with potential for a breakout either way. On fundamentals, resilient US labor data and a hawkish Fed contrast with Canada’s slowing growth and dovish BoC outlook, while volatile oil prices add complexity. Watch for a decisive move beyond 1.3760 or below 1.3600 to signal next directional bias.
