Canadian Dollar

USD/CAD bears have remained in control but bearish breaks have been pushing less and less, begging the question as to whether a pullback may be near.

Over the past four trading sessions, USD/CAD has depreciated by nearly 1.5% in favor of the Canadian dollar, as the market anticipates the upcoming Bank of Canada (BoC) rate decision.

USD/CAD started the week with a fresh 2025 low and if we do see USD bears continue to push, the Canadian Dollar remains of interest. Next week brings BoC and employment reports from both the U.S. and Canada.

USD/CAD surged nearly 1.2% off the yearly low with the bulls threatening a larger breakout. Battlelines drawn on the Canadian Dollar short-term technical charts.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly open.

Over the past five trading sessions, USD/CAD has depreciated by nearly 1.5% in favor of the Canadian dollar, mainly due to growing market expectations surrounding the upcoming Bank of Canada (BoC) rate decision, along with the recent weakness of the U.S. dollar.

USD/CAD showed a clean test of the 1.4000 handle last week and sellers went on attack as USD weakness came back online.

USD/CAD is threatening to snap a two-week winning streak with price reversing sharply off technical resistance. Battle lines drawn on the Canadian Dollar weekly chart.

USD/CAD retains bearish structure even as the USD rally advanced again last week. The big question now is whether sellers can hold it below the 1.4000 big figure.

USD/CAD surged nearly 2% off the yearly low with the weekly range coiled just below resistance. Battlelines drawn on the Canadian Dollar short-term technical charts.

The USD has ripped since the lows on Easter Monday but USD/CAD retains appeal for U.S. Dollar bears, and the 1.4000 resistance level is now back in-play.