USD/CAD dips as markets react to U.S. CPI and Canadian GDP data. Softer U.S. inflation fuels speculation of a more dovish Fed, weighing on the dollar, while Canada’s GDP growth supports the loonie. Investors reassess central bank paths amid mixed economic signals.
USD/CAD has hit the projected support at 1.3515, confirming bearish momentum within a descending channel. With oil prices supporting CAD strength and dovish Fed signals weakening USD, expect further downside toward 1.3420. Watch key levels and indicators for continuation cues. #Forex #USDCAD #TechnicalAnalysis
USD/CAD remains range-bound below 1.3700 as momentum wanes after recent rebound. Key levels to watch: resistance near 1.3700 and support at 1.3569. Break above resistance could confirm bullish continuation; a slip below support opens downside risk. Market awaits US inflation data and central bank signals for direction.
USD/CAD remains range-bound between 1.3620 support and 1.3795 resistance as markets await clearer signals from Fed and BoC policies. A break below 1.3620 could test 1.3486 support, while a move above 1.3795 would target 1.3843 and possibly 1.3900. Current momentum indicators show consolidation, reflecting mixed economic data and oil price influences. Overall, the pair is edging in a neutral-to-slightly bullish zone unless key supports break. Traders should monitor U.S. inflation, employment, Canadian inflation trends, and crude oil dynamics for directional cues.
USD/CAD remains capped just below 1.3700, consolidating after a recent rebound from 1.3650 support. The pair trades within an uptrend, shaped by Fed-BoC policy divergence and oil price dynamics. Key technical levels to watch: support at 1.3650/1.3580; resistance near 1.3700/1.3740. Sustained break above 1.3700 could pave the way to 1.3800. Market sentiment hinges on commodity trends and central bank cues.
The USD rally continues as Federal Reserve officials signal a hawkish stance and U.S. economic data underscore resilience. Elevated interest rates and strong labor market figures sustain demand for the greenback, keeping the Dollar Index buoyant heading into Q4. #Forex #USD
The US dollar strengthens against the yen as the Federal Reserve’s hawkish “higher-for-longer” stance solidifies expectations of sustained elevated interest rates. Supported by robust US economic data and cautious Bank of Japan policies, USD/JPY trades near multi-month highs above 146, reflecting widening rate differentials and persistent market momentum.
USD/CAD has completed a key five-wave bullish sequence, approaching strong resistance near 1.3900. A corrective ABC pattern is unfolding, with potential retracements toward 1.3650–1.3600 support zones. Watch upcoming BoC and Fed policy moves for directional clues as technical and fundamental factors converge. Analysis adapted from MENAFN’s August 28, 2025 report.
USD/CAD continues its bullish momentum into late August 2025, currently in the fifth wave of an Elliott Wave impulse pattern as identified by Walid Salah El Din on MENAFN. With the pair testing resistance near 1.3900–1.4000, traders should watch for a potential ABC corrective phase afterward. Technical indicators like 50- and 200-day moving averages support this uptrend, but the RSI signals possible short-term pullbacks amid overbought conditions.
USD/CAD shows signs of short-term fatigue near the 1.3750 resistance but maintains its overall uptrend. A hawkish Fed supporting the US dollar, dovish Bank of Canada moves, and weaker oil prices keep the pair elevated. Watch for how these factors unfold in coming weeks.
