USD/CAD extends its rally toward 1.3850 as markets price in potential interest rate cuts from both the Fed and the Bank of Canada. Easing inflation and softening labor markets bolster expectations for monetary easing, strengthening the US dollar while weighing on the Canadian dollar. Traders await upcoming economic data for further cues.
USD/CAD is consolidating just below a key 2024 downtrend resistance, forming a coiling pattern that hints at a major breakout soon. Traders are closely watching interest rate divergences, oil prices, and economic data for direction. A break above 1.3710 could signal a bullish shift, while failure may renew downside pressure.
USD/CAD is trading just below its key yearly downtrend line as markets weigh Fed policy, oil price volatility, and growth outlooks. After forming a tight consolidation, the pair faces critical support near 1.3535, with a breakout likely to define the next trend amid mixed macro signals. Traders should watch central bank cues and commodity moves closely. #FX #CAD #USDUSD
USD/CAD is consolidating below key resistance near 1.3700 as the Canadian dollar faces mixed economic signals and cautious BoC policy amid a hawkish Fed and volatile oil prices. Traders watch for a breakout after months of range-bound activity in September 2025.
USD/CAD remains locked in consolidation below a key downtrend since early 2024, balancing between Fed hawkishness and a dovish Bank of Canada. Mixed economic data and steady oil prices keep the pair under pressure, setting the stage for a breakout as traders await clearer cues heading into Q4. #ForexAnalysis #USDCAD
USD/CAD approaches key resistance near 1.3650, testing the long-standing downtrend line as traders await critical US and Canadian economic data. Diverging central bank policies and oil price fluctuations remain in focus. A decisive break above could signal a bullish shift; failure may extend the prevailing bearish channel. Original analysis by Michael Boutros, FOREX.com.
EWM Interactive’s September 8, 2025 Elliott Wave analysis on USD/CAD highlights that after completing a major bullish cycle in 2016, the pair is undergoing a complex corrective phase. Current wave patterns and Fibonacci targets suggest a potential decline toward the 1.1500–1.1800 zone before a meaningful rebound. Traders should watch key support levels as this correction unfolds in the broader macroeconomic context.
Elliott Wave analysis of USD/CAD as of September 8, 2025, shows the pair navigating Primary wave C lower after completing waves A and B in a long-term corrective structure. With the Federal Reserve poised for possible 2026 rate cuts and the Bank of Canada remaining dovish amid mixed oil prices, wave (5) of C targets the 1.2700–1.2500 area. Watch key retracements and invalidation levels closely.
The Canadian Dollar lost ground on Friday as bullish momentum faded. Declining crude oil prices, softer Bank of Canada rate hike expectations, and stronger U.S. economic data pressured CAD, pushing USD/CAD higher toward resistance near 1.3680. Traders should monitor oil trends and monetary policy signals for next moves.
The Canadian Dollar pulled back against the U.S. Dollar as bullish momentum faded amid mixed domestic economic data, oil price volatility, and divergent central bank signals. With inflation easing but global uncertainties persisting, the Bank of Canada’s next moves will remain key for CAD’s direction.
