USD/CAD remains at a critical juncture after recovering from recent lows near 1.3602, yet facing strong resistance around 1.3700–1.3720. A breach below 1.3602 could accelerate downside toward 1.3486 and 1.3357 supports, signaling bearish continuation. Conversely, a sustained break above 1.3735 may test April’s high at 1.3845 and potentially push toward 1.3900. Momentum indicators and moving averages suggest caution—market indecision persists amid broader sideways channel dynamics. Traders should watch key support and resistance levels closely for directional clues.
(Credit to ActionForex.com for original insights.)

Gold looks set for a rebound as key support around $2,300 holds firm, supported by bullish technical signals and easing inflation pressures. Uncertainty over Fed policy, coupled with geopolitical risks and central bank buying, create a favorable environment for XAU/USD to retest recent highs. Traders should watch $2,365 resistance and Fed signals closely.