📰 USDCAD (USDCAD) Dips After Failed Breakout, Eyes 200-Hour MA Support
📅
Jul 18, 2025, 10:44 EDT
| 🔗 Source: Forexlive
🧠 Summary
USDCAD failed to hold a breakout above resistance, reversing lower and retesting key support near the 200-hour moving average. A sustained break below support could deepen losses, while a rebound above short-term resistance is needed to regain positive momentum.
💡 Why this signal?
- The pair's inability to sustain a breakout above the 1.3749–1.3759 resistance suggests weakening bullish momentum.
- Retesting the 200-hour moving average support near 1.3699 is critical; a break below could push USDCAD lower toward weekly lows.
- Buyers must reclaim the 100-hour moving average to shift bias back to positive, but current price action favors bears in the near term.
📈 USDCAD Price Trend
⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact
No competitors impacted.
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