📰 USDCAD (USDCAD) Gains Momentum but Faces Resistance Near 1.3774 After Technical Breakout
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Jul 17, 2025, 11:58 EDT
| 🔗 Source: Forexlive
🧠 Summary
USDCAD rallied above key retracement levels but stalled near 1.3774, showing signs of buyer fatigue and potential short-term consolidation within the 1.37498–1.37590 zone.
💡 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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