📰 USDCAD Flat Ahead of CPI: Jobs vs. Tariffs & BoC Rate Speculation

📅 Jul 14, 2025, 09:16 EDT | 🔗 Source: ReutersRefinitiv

🧠 Summary

The Canadian dollar was largely flat against the USD, caught between strong domestic jobs data and rising wholesale trade, offsetting U.S. tariff threats that bolstered the DXY. Traders await key Canadian and U.S. inflation reports for Bank of Canada's rate decisions, leading to choppy, directionless trading.

💡 Why this signal?

Despite initial volatility, the USDCAD pair demonstrates strong underlying buying interest, evidenced by robust demand at key support levels.
Technical analysis indicates a strengthening bullish bias, with a confirmed break above 1.3700 and 1.37208 expected to unleash significant upside momentum.

📈 USDCAD Price Trend

⏱️ Impact Timing

As soon as key technical levels are breached

👥 Competitor Impact

No competitors impacted.

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