USD/CAD extends gains beyond the 100-hour moving average, reaching 1.3910 amid ongoing US dollar strength. Hawkish Fed expectations, weaker oil prices, and economic divergence between the US and Canada continue to support the upside momentum. Watch for resistance near 1.3950 and 1.4000.
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USD/CAD climbs to weekly highs near 1.3720, driven by a rebound in the U.S. dollar and softer oil prices weighing on the Canadian dollar. Technical indicators show bullish momentum with key support at the 200-hour SMA around 1.3660. Watch for a break above 1.3750 to confirm further gains. Source: Adam Button, ForexLive via TradingView.
USDCAD remains positioned for bullish potential as of August 21, 2025. Key support at 1.3500 holds firm while resistance near 1.3600 is being tested—watch for a decisive daily close above this level for continuation toward 1.3700. Favor buying on dips near 1.3450–1.3500 with tight stops. Keep an eye on crude oil trends and central bank cues for added directional clues.
USD/CAD approaches 1.3880, its highest since May 21, as bulls maintain control. Hawkish Fed comments and strong US economic data bolster the greenback, while sliding oil prices and a dovish Bank of Canada weigh on the loonie. Technicals favor further upside in the near term. #Forex #USDCAD
USD/CAD climbs to 1.3880, the highest since May, driven by a hawkish Fed outlook, strong US economic data, and falling oil prices weighing on the Canadian dollar. Market eyes upcoming US GDP and PCE reports for next steps. Stay tuned for potential shifts in momentum.
USD/CAD bulls hold strong as the pair climbs to 1.3880, its highest since May 21. Hawkish Fed policies, robust U.S. economic data, weaker Canadian fundamentals, and falling oil prices are fueling the rally. Momentum looks set to continue in the near term.
USD/CAD remains buoyant above 1.3880, hitting its highest since May as the Fed’s hawkish stance bolsters the US dollar. Weaker oil prices and softer Canadian economic data add pressure on the CAD, widening policy divergence with the Bank of Canada. Market eyes a sustained uptrend amid these dynamics.
The US dollar strengthens near two-month highs, supported by hawkish Fed signals and rising Treasury yields, as markets brace for prolonged higher rates. Meanwhile, the Japanese yen weakens amid the Bank of Japan’s ultra-loose policy, and the Chinese yuan faces pressure due to economic challenges. Traders should watch upcoming US inflation data and BoJ policy signals for clues on currency directions.
The US dollar dipped from near two-month highs after weaker-than-expected housing and industrial data sparked renewed bets that the Fed may pause or cut rates in 2025. Markets now weigh signs of economic slowdown amid persistent inflation concerns ahead of Powell’s Jackson Hole speech.
