USD/CAD

USD/CAD

USD/CAD Rally Gains Momentum as Critical Technical Levels Hold Support

USD/CAD is building bullish momentum as key technical levels hold strong. Support near 1.3450 has triggered renewed buying pressure, with resistance around 1.3620 in focus. Moving averages and momentum indicators favor an upward trend, while diverging US and Canadian economic data add fundamental backing. Watch for a breakout above 1.3620 to confirm further gains toward 1.3750.
#Forex #USDCAD #TechnicalAnalysis

USD/CAD

USD/CAD Rises on Bullish Signals as Strong Technicals and Fundamentals Boost Confidence

USD/CAD is building bullish momentum as technical indicators align with supportive macro fundamentals. After solid support at 1.3480, the pair is advancing toward key resistance near 1.3630. Strength in the U.S. Dollar from resilient GDP and labor data, combined with a dovish Bank of Canada and fluctuating oil prices, underpins this upward trend. Traders should watch for a sustained breakout above 1.3560 to confirm further gains. #Forex #USDCAD #TradingAnalysis

USD/CAD

USD/CAD Weekly Outlook: Trade Tensions, Diverging Economies, and Protectionism Pressure the Canadian Dollar

USD/CAD surged last week amid rising U.S. economic strength and hawkish Fed signals, while the Canadian dollar weakened due to disappointing employment, falling exports, and mounting protectionist threats. Trade tensions and oil market volatility continue to pressure CAD, setting the stage for further divergence in the coming week. Traders should watch for BoC policy shifts and U.S. inflation data as key drivers ahead.

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