USD/CAD Dives as Economic Uncertainty Fuels Bearish Momentum
USD/CAD faces renewed bearish pressure amid widening economic concerns. Technical signals like a break below 1.3400 and a bearish SMA crossover reinforce the downtrend. Watch support at 1.3310 — a break could open the way toward 1.3200. Meanwhile, improving Canadian economic data adds strength to the loonie versus the dollar. Traders should monitor upcoming U.S. economic releases closely.
Credit: Economies.com, Aug 11, 2025
