USD/CAD shows moderate upward momentum, trading above 1.3700 with bullish bias intact. Technicals indicate support near 1.3585 and resistance at 1.3845 and 1.3898. U.S. rate outlook and oil prices remain key fundamental drivers, suggesting potential continuation of the short to medium-term uptrend. Detailed analysis available in ActionForex’s latest daily outlook.
USD/CAD is showing consolidation near 1.3350 amid key economic data and mixed central bank signals. The Fed’s cautious outlook contrasts with the Bank of Canada’s hawkish stance, while volatile oil prices add further uncertainty. Technical indicators suggest limited momentum, pointing to a possible downside move if Canadian fundamentals and oil remain supportive. Traders should watch for rate decisions and geopolitical developments in the coming weeks. Analysis by Christopher Lewis, DailyForex.com.
USD/CAD remains under close watch as traders digest Fed’s hawkish stance alongside steady crude oil prices supporting the loonie. Technicals show consolidation near 1.3460 with key resistance at 1.3540—breakout above may fuel bullish momentum toward 1.3600. Watch interest rate cues and US employment data for next directional clues. (DailyForex.com Analyst)
USD/CAD remains in a consolidation phase between 1.3400 support and 1.3600 resistance as traders await fresh momentum signals. Key factors include U.S. inflation trends, Fed rate outlook, oil prices, and Canadian economic data. Watch for a breakout as momentum indicators flatten and markets digest fundamental cues.
USD/CAD nears key resistance at 1.3600 amid continued USD strength and weakening CAD support. Technical indicators show bullish momentum but caution as RSI approaches overbought levels. Watch for potential pullbacks around support at 1.3520. Fundamental drivers include hawkish Fed signals, robust US inflation data, and cautious BoC outlook. For full analysis, visit DailyForex.com. #forex #USDCAD #fxanalysis
USD/CAD shows gradual upward momentum near 1.3700 amid mixed signals. Key resistance at 1.3750–1.3850 caps gains, while support holds around 1.3600–1.3650. Diverging Fed and BoC policies and oil prices keep the pair range-bound—watch for a breakout from the symmetrical triangle pattern for direction in mid-August 2025.
USD/CAD edges lower toward 1.3750 as markets increasingly price in rate cuts from both the Fed and Bank of Canada. Softening U.S. inflation data and BoC’s early easing push the pair down amid a more dovish outlook for North American monetary policy. Traders remain watchful for further signals in coming weeks.
The U.S. dollar is rallying ahead of the upcoming CPI report, as markets anticipate its impact on inflation trends and Fed policy. EUR/USD faces downward pressure amid eurozone weakness and ECB rate cuts, while GBP/USD retraces amid BoE hawkishness versus dollar strength. USD/CAD and USD/JPY also show dollar gains driven by risk aversion and yield differentials. Traders should closely monitor CPI data and Fed projections for further direction.
The U.S. dollar gains strength against major global currencies as robust U.S. employment data bolsters confidence in the Federal Reserve’s outlook. Meanwhile, cautious monetary policy shifts from the Bank of Canada and European Central Bank, combined with soft economic sentiment in Europe and Japan’s ongoing policy challenges, weigh on their currencies. Traders now anticipate slower Federal Reserve rate cuts and diverging global economic paths fueling USD momentum.
USD/CAD briefly broke above the 100-day moving average near 1.3666, hinting at bullish momentum, but price quickly reversed—underscoring persistent struggles to sustain gains. Key resistance around 1.3685–1.3700 remains intact, keeping the short-term bias cautious. A decisive break above these levels is needed to shift outlook; otherwise, bears may retest the 200-day MA near 1.3516. #Forex #USDCAD #TechnicalAnalysis
