USD/CAD Price Forecast: Flat lines below 1.3700, while remaining below key 100-day EMA
Intraday bias in USD/CAD remains neutral for the moment. On the downside, below 1.3549 will extend the fall from 1.3965 to retest 1.3480 low.
FX futures positioning reveals a shifting landscape for the US dollar, yen and Canadian dollar, with notable changes across large speculators and asset managers. The latest COT report highlights falling USD exposure, a sharp unwind of yen shorts following suspected intervention, and a potential turning point for CAD positioning.
USD/CAD may face additional upside risks this week after Donald Trump rejected Iran's latest counterproposal for peace talks, posting on Truth Social late Sunday: “I don't like it - TOTALLY UNACCEPTABLE.” The remarks have seen risk sentiment sour in early Asian trade on Monday, adding to an already supportive backdrop for the pair following divergent economic data alongside improving technicals.
USD/CAD climbs after Canada jobs data surprises to the downside.
Recent trading sessions have not been particularly favorable for the Canadian dollar, as USD/CAD has posted a gain of more than 0.4% over the last five sessions in favor of the US dollar.
US dollar softens a bit with rates doing the same on Thursday, as peace in the Middle East continues to be the hope.
USD/CAD Price Forecast: Edges higher above 1.3600, but bearish bias persists below 100-day EMA
Mid-Week update for North-American Markets – Sentiment continues to rebound, but Markets are still not entirely convinced with the ongoing back-and-forth peace narratives, hence, key fundamental clearance is awaited. 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.
USD/CAD holds steady as US-Iran deal hopes pressure USD and drag Oil prices lower
USD/CAD Price Forecast: Trades below 1.3600, nine-day EMA as bearish bias prevails
USD/CAD is attempting to recover after a sharp selloff from recent highs, with price now approaching a key resistance zone within the broader downtrend. The bounce reflects a near-term shift in momentum, but the underlying structure remains fragile as the pair tests this barrier.