US dollar continues to be a big winner overall, as the interest rates in the US continue to climb.
USD/CAD holds gains above 1.3850 amid fears of a protracted war in Iran
USD/CAD is sitting at an ideal level to build trades around, with an apparent reason to fade recent strength from the latest Iran headlines, but a litany of historical, fundamental and technical factors urging caution.
USD/CAD extends advance as geopolitical risks keep US Dollar supported
USD/CAD Price Forecast: Bulls retain control above 1.3800 as fresh breakout comes into play
USD/CAD extends rally to near 1.3830 amid uncertainty over Middle East conflicts
USD/CAD Price Forecast: Bulls take control after clearing 1.3700-1.3750 resistance zone
USD/CAD has gained momentum after clearing a key resistance barrier, extending its multi-week rally. The move has carried price into a well-defined resistance area that has previously acted as a pivot within the broader structure.
Mid-Week update for North-American Markets – After the 4th week of conflict, the trends are starting to dissipate and sentiment is rebounding. Taking a close look at NA index and currency performance combined with a USD/CAD intraday chart to spot what's next for American Markets.
Intraday bias in USD/CAD stays on the upside at this point. Rebound from 1.3480 is seen as correcting the whole down trend from 1.4791.
Indeed, in the following sessions, USD/CAD showed signs of strong selling pressure, with the most pronounced move occurring on 9 March, when the pair dropped below 1.3530.
USD/CAD holds near two-month highs as US Dollar stays firm despite softer PMI data