USD/CAD breaks above key resistance at 1.3375, supported by strong technical signals including moving averages and RSI, alongside a resilient US dollar driven by hawkish Fed outlook and softer Canadian economic data. Next target set near 1.3460 as bullish momentum builds.
USD/CAD has broken above the key resistance at 1.3375, signaling a potential bullish trend ahead. Technical indicators like EMA50, RSI, and MACD support upward momentum with targets near 1.3500 and beyond. Strength in the US economy underpins this move. #Forex #USDCAD #TechnicalAnalysis
USD/CAD is testing a critical long-term ascending trend line that has supported price since 2020. While recent resistance near 1.3850 and bearish signals suggest weakening bullish momentum, the trend line still holds. Watch for a decisive break or bounce as this retest may signal a major price reversal ahead. #Forex #USDCAD #TechnicalAnalysis
UK CFTC data shows speculative net positions on GBP futures plunged to -33,200 from -4,120, signaling a sharp rise in bearish sentiment. Factors include slowing BoE rate hike expectations, persistent inflation, sluggish economic growth, and ongoing Brexit-related uncertainties. Traders should watch how these dynamics unfold.
Markets enter the final trading day with cautious optimism as investors await the US December Nonfarm Payrolls report. With the dollar easing from recent highs and yields retreating, hopes for a soft landing hinge on today’s employment data—expected to show slower job growth but steady unemployment. Traders watch closely for signals on the Fed’s next move. #Forex #USJobs
The U.S. dollar rallies as Treasury yields climb, driven by expectations that the Fed will delay rate cuts. EUR/USD faces downward pressure amid ECB dovishness, GBP/USD shows resilience on UK inflation concerns, while USD/CAD and USD/JPY react to shifting global dynamics. In-depth analysis on how rising yields and central bank signals shape forex trends.
The Canadian Dollar faces pressure as sluggish oil prices dampen Canada’s export outlook, while a resilient US economy and strong dollar drive investors toward the USD. Diverging central bank policies and risk-off sentiment continue to weigh on the loonie against its major peers.
USD/CAD has resumed its decline after failing to break above the key resistance near 1.3400, confirming bearish signals on technical indicators. Watch support levels around 1.3280 and 1.3275 closely. Macroeconomic factors like crude oil trends and US-Canada interest rate differentials remain crucial for near-term direction.
USD/CAD holds near 1.3750 amid a softer US Dollar and retreating oil prices, which limit gains for the Canadian Dollar. Market focus remains on upcoming US economic data and central bank policies. Oil volatility and Fed-BoC rate expectations continue to drive the pair’s direction.
USD/CAD holds above 1.3750 as a softer U.S. Dollar and declining crude oil prices weigh on the Canadian Dollar. Markets remain cautious ahead of key U.S. inflation data and Canadian jobs figures, with the pair trading in a defined range amid mixed economic signals and shifting Fed rate expectations.
