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The US Dollar surged following a hawkish Fed dot plot, driving major currencies lower. EURUSD and GBPUSD broke below key moving averages, reinforcing a bearish technical outlook, while USDCAD rallied…
Structural shifts and rising energy prices are expected to keep Canadian inflation high, limiting Bank of Canada's easing and supporting USDCAD’s bullish momentum near 1.3860 resistance.
USDCAD has gained bullish momentum, breaking above key resistance but now faces a cluster of major moving average resistance around 1.3790-1.3803. A sustained break above this zone could trigger a br…
USDCAD has broken above October highs, establishing strong short-term bullish momentum with key support at 1.4060 needed to maintain the upside bias.
USDCAD consolidates with bullish momentum amid mixed USD performance, strong Canadian employment, and upcoming CPI reports influencing market sentiment.
USDCAD broke above a key 38.2% retracement level, establishing strong support and a bullish bias with potential to retest 1.4074 and target 1.4169 if momentum holds.