USD/CAD Approaches Key Resistance Level Amidst Renewed Market Momentum
USD/CAD is testing a crucial resistance near 1.3380 amid rising U.S. Treasury yields and bullish technical signals like the MACD positive crossover and a potential Golden Cross on SMAs. Strong U.S. economic data contrasts with softer Canadian growth, supporting USD strength. Watch for a decisive break above 1.3400 to target 1.3480–1.3500 or risk a pullback to 1.3300. Detailed analysis originally from Economies.com, August 1, 2025.
