USD/CAD is completing a five-wave Elliott impulse from the Jan 2025 low, advancing toward 1.3760. Wave 5 may be an ending diagonal, signaling potential trend exhaustion. Watch for a corrective phase supported by fundamentals like inflation and oil prices. #Forex #ElliottWave
US Dollar steady near 104 ahead of critical PCE inflation data release. Markets cautious as investors await Fed’s preferred inflation gauge to gauge the outlook for monetary policy. Inflation surprises could drive volatility and influence USD direction in coming sessions.
USD/CAD faces heightened bearish reversal risks as technicals show a breakdown below key support near 1.3600, while fundamentals—dovish Fed signals, strong Canadian labor data, and recovering oil prices—favor the loonie. Watch for further downside toward 1.3480 and 1.3350 if selling pressure persists. Market uncertainty remains elevated heading into the new week. #Forex #USDCAD #TechnicalAnalysis
As growth divergence widens between the U.S. and Canada, USD/CAD faces mounting pressure. With the U.S. economy showing resilience and the Federal Reserve staying hawkish, while Canada’s growth slows and the Bank of Canada leans dovish, could a major shift in the currency pair be on the horizon?
As US growth outpaces Canada’s and the Fed maintains higher rates while the Bank of Canada eases, the USD/CAD pair gains momentum. Traders should watch inflation trends, interest rate divergence, and commodity prices closely as these fundamentals shape the currency’s near-term outlook.
With the U.S. economy showing resilience amid steady Fed rates and Canada signaling potential rate cuts due to slowing growth, the widening growth spread could weigh on the Canadian dollar. Traders should watch how these diverging trends shape the USD/CAD trajectory in the coming months.
USD/CAD retreated from its daily high near 1.3770 to around 1.3734 amid mixed U.S. and Canadian economic data, fluctuating crude oil prices, and cautious dollar sentiment. Technical outlook suggests consolidation below resistance, with market participants closely watching Fed signals and commodity trends for the next move. #Forex #USD CAD
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.
