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USDCAD rebounded in May above key technical levels (61.8% retracement and 200-day MA) but faces resistance. Buyers struggle to sustain momentum above 1.3820, with the pair at a critical technical cro…
EURUSD sellers pushed the pair below a key 50% retracement level, indicating bearish control with fading downside momentum. A break below strong support around 1.1447-1.1458 may target the 200-day mo…
EURUSD and GBPUSD failed to sustain upside momentum and rotated lower, pressing new session lows and testing key retracement and support levels.
Stronger-than-expected US economic data boosted the dollar, pushing GBPUSD toward September lows and lifting USDCAD above swing resistance with targets near 1.39235 and the 200-day MA at 1.39754.
BoE MPC member Dhingra pushed a dovish view, urging cuts and arguing inflation drivers will fade, widening MPC splits. GBPUSD rallied intraday but remains between short-term support 1.33628–1.3378 an…