📰 USDCAD Tariff Surge Fails: Resistance Holds, Sellers Prevail

📅 Jul 14, 2025, 06:23 EDT | 🔗 Source: Forexlive

🧠 Summary

USDCAD briefly surged on US tariffs against Canada but failed to sustain the rally, reversing from key resistance levels. Buyers missed their chance as sellers leaned in, leaving the pair in choppy, range-bound trading. Technical levels at 1.3710-1.37208 act as strong resistance.

💡 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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