USD/CAD holds steady below 1.3750 as markets await the Fed Chair nomination. Traders remain cautious amid strong U.S. jobs data, persistent inflation, and uncertainty over the Federal Reserve’s future leadership. Meanwhile, softer Canadian economic data and lower oil prices keep the loonie under pressure.
USD/CAD holds steady just below 1.3750 as markets await the Federal Reserve Chair nomination and key US inflation data. Meanwhile, solid Canadian employment figures and rising oil prices continue to support the loonie. Traders remain cautious ahead of these pivotal events that could shift monetary policy expectations.
USD/CAD stands firm just below 1.3750 as markets await the Fed Chair nomination, with traders adopting a cautious stance amid uncertainty over the future U.S. monetary policy. Oil prices remain steady, limiting CAD’s movement. The decision on Jerome Powell’s reappointment or a shift to a more dovish Fed leader like Lael Brainard could shape currency trends in the coming weeks.
USD/CAD is facing downward pressure as the US dollar weakens amid easing inflation and softer economic data in the US. Meanwhile, the Canadian dollar gains support from cautious BoC guidance, stable oil prices, and improving trade balances. Technically, the pair has broken key support levels, pointing to potential further declines.
U.S. dollar softens amid concerns over potential tariffs on Indian imports, prompting a reevaluation of trade and interest rate outlooks. EUR/USD and GBP/USD show signs of bullish momentum, while USD/CAD and USD/JPY face pressure. Market sentiment shifts as emerging market currencies gain strength. #ForexAnalysis
The U.S. dollar has weakened recently amid concerns over potential new tariffs on India and shifting market sentiment. Key currency pairs such as EUR/USD, GBP/USD, USD/CAD, and USD/JPY are reflecting this shift as traders reassess Federal Reserve expectations and global trade risks. Stay tuned for how these dynamics may influence the dollar’s trajectory going forward. Analysis by Vladimir Zernov, FX Empire.
USD/CAD has pulled back slightly after testing recent highs near 1.3780, but the overall bullish momentum remains intact. Diverging central bank policies, stronger U.S. economic data, and easing Canadian inflation continue to support further upside for the pair. Traders will watch upcoming data for clues on the next move.
USD/CAD remains at a pivotal juncture near 1.3300 amid mixed technical signals and fundamental catalysts. Critical resistance zones at 1.3350 and 1.3400 face pressure from the 200-day EMA. Momentum indicators show modest bullishness but lack decisive strength. The USD benefits from resilient U.S. economic data and a cautious Fed, while CAD stays sensitive to oil price volatility. Traders should watch for a clear breakout to signal the next directional move. Full analysis by Christopher Lewis at DailyForex.com.
USD/CAD is showing moderate bullish momentum early August 2025, trading within a key range between 1.3570 and 1.3640. Watch for a breakout above 1.3640 to target 1.3700–1.3720, or a break below 1.3570/1.3500 that could signal a deeper pullback. Market reaction to U.S. labor data, oil prices, and central bank policies will be critical in shaping the next moves. Full technical and fundamental outlook by DailyForex.com analysts.
Elliott Wave analysis of USD/CAD (Aug 6, 2025) signals a completed primary impulsive wave near 1.3700, ushering in a corrective A-B-C decline. Wave C targets key support between 1.2900–1.2700, aligning with Fibonacci retracement and structural support. Technical indicators like MACD and RSI confirm bearish momentum, underpinned by pressures from softer U.S. data and resilient oil prices bolstering CAD strength. Traders should watch for continuation of the corrective phase before a potential reversal. #Forex #USD CAD
