USD/CAD Price Forecast: Seems vulnerable near 1.3560 as technical breakdown remains in play
The US dollar started out a bit mixed in early trading on Tuesday, as traders are trying to access risk appetite globally.
Intraday bias in USD/CAD remains mildly on the downside for the moment. Consolidation pattern from 1.3480 could have completed at 1.3751, after hitting 55 D EMA (now at 1.3708).
USD/CAD Price Forecast: Seems vulnerable below 1.3600, trading range breakdown in play
USD/CAD trims earlier losses as WTI pullback weighs on Canadian Dollar
USD/CAD Price Forecast: Falls to near 1.3550 as bearish bias persists
USD/CAD has turned lower after another unsuccessful attempt to push through a key resistance barrier, leaving the recent advance vulnerable into the weekly close. Despite briefly trading above prior highs, buyers were unable to sustain momentum, reinforcing the importance of this ceiling within the broader structure.
USD/CAD Price Forecast: Wobbles near 1.3660 ahead of US NFP data
During the current session, USD/CAD has posted a gain of around 0.38%, favoring the US dollar. The buying pressure is mainly driven by expectations surrounding tomorrow's NFP release, as well as ongoing dynamics supporting the dollar amid persistent geopolitical tensions.
The US Dollar to Canadian Dollar exchange rate traded close to 1.3650 on Thursday, holding near recent lows after the pair slipped earlier this week. Recent trading has been marked by notable Canadian Dollar resilience.
USDCAD fails at recovery The Canadian dollar continues to recoup losses after spiking towards 1.3700 in recent sessions. On the chart, the pair is recovering to the downside as prices move to test the previous bottom at 1.3620.
USD/CAD Price Forecast: Hand holds 20-day EMA amid US-Iran war