USD/CAD

USD/CAD is building upside momentum, approaching key resistance at the 200-day moving average near 1.3550. Bullish signals from moving averages and MACD align with a stronger US dollar and weaker oil prices weighing on CAD. Watch for potential tests of the 1.3566–1.3570 zone and 1.3600 psychological level, while support holds near 1.3476 and 1.3435. Market watchers should stay alert to Fed policy cues and oil market dynamics as they could steer the next move.
Original analysis by Greg Michalowski, InvestingLive.

USD/CAD bullish momentum builds as the pair approaches the critical 200-day SMA near 1.4000. Supported by rising US bond yields and weaker oil prices, technical indicators signal a potential breakout. Watch upcoming US and Canadian economic data for near-term direction.

USD/CAD nears key resistance at 1.3960, suggesting a potential double top formation. Overbought RSI and past price action highlight the risk of a bearish reversal if support near 1.3780 breaks. Watch Fed vs. BoC policy divergence and oil prices for broader direction. Stay alert for a possible pullback toward 1.3600 if sellers gain momentum.

USD/CAD edges toward key resistance at 1.3675 amid strong USD momentum and hawkish Fed signals. Technical indicators signal bullish potential for a breakout targeting 1.3750 and beyond, while a rejection could spark a pullback near 1.3600. Stay tuned for pivotal moves shaping the pair’s near-term trend. #Forex #USDCAD #TechnicalAnalysis

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GBP/CAD climbs above 1.6550 as UK pound gains strength amid disappointing Canadian PMI data showing manufacturing contraction. Weak oil prices and diverging central bank policies add pressure on the Canadian dollar. Analysts eye further upside for GBP/CAD in coming weeks.

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USD strengthens as rising US Treasury yields and hawkish Fed signals drive global risk sentiment toward caution. The dollar gains against the euro and pound amid mixed economic data—Eurozone inflation slows, ECB cautious; UK growth weak, BoE on hold. Markets brace for ongoing “higher for longer” rates in 2025, supporting dollar dominance as investors seek yield and safety.

USD/CAD continues its upward trajectory, supported by a strong ascending channel and key technical indicators like bullish moving averages and a favorable RSI. With resistance near 1.3630, a breakout could target 1.3700 and beyond. Fundamental factors, including Fed-BOC policy divergence, reinforce this trend. Traders should watch support at 1.3565 as the bullish bias remains intact.