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USD/CAD

USDCAD Tightens in Range Amid Mixed Signals: Critical Support and Resistance Levels The Spotlight on Macroeconomic Drivers

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USDCAD remains in a consolidation phase with key support at 1.3605 holding firm and resistance around 1.3743. Momentum indicators show neutral signals, suggesting cautious optimism but limited upside conviction. A break above 1.3743 could target 1.3799 and 1.3860, while a fall below 1.3605 risks testing 1.3486 and potentially deeper to 1.3350. Medium-term uptrend intact as long as trendline near 1.3530 holds. Watch Fed and BoC policy signals closely for directional cues. #USDCAD #ForexAnalysis

GBP/USD

**FTSE 100 Reaches New Highs: Unraveling the Drivers and How Forex Traders Can Capitalize**

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FTSE 100 hits record highs driven by strong corporate earnings, energy sector momentum, and UK economic resilience. For Forex traders, this surge highlights the inverse relationship between the index and GBP—weakening pounds often boost FTSE returns due to overseas earnings. Stay alert to BoE policy shifts and geopolitical factors influencing both equities and currency pairs.

EUR/USD

USD/JPY Climbs to 34-Year High on US Yields and Hawkish Fed Outlook

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USD/JPY is climbing as U.S. Treasury yields hit new highs and the Federal Reserve signals a hawkish policy stance. The growing gap between U.S. and Japanese monetary policies is pushing the dollar up while the yen weakens under the Bank of Japan’s loose approach. Traders watch closely for potential intervention from Japanese authorities as the pair approaches key resistance levels. For more, see the latest from Mitrade News.

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