Canadian Dollar

USD/CAD surged more than 1% off the yearly low with the recovery now approaching trend resistance. Battlelines drawn on the Canadian Dollar short-term technical charts.

Over the last two trading sessions, USD/CAD has posted a gain of nearly 0.8% as markets anticipate today's decision from the U.S. Federal Reserve.

USD/CAD bears have remained in control and as we walk into the Wednesday Fed meeting, the pair remains one of the more attractive venues for USD weakness scenarios.

USD/CAD crashed through multi-year trend support with price plunging nearly 3% off the May high- risk for further losses. Battle lines drawn on the weekly technical chart.

USD/CAD sellers have been showing signs of stall after May’s hold of 1.3750 and now June’s support 100 pips lower. Can USD/CAD force a pullback before resuming the larger trend?

USD/CAD is trading near the yearly lows with a break of major support threatening a larger plunge. Battlelines drawn on the Canadian Dollar short-term technical charts.

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.