Loonie

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

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.

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.

The past four trading sessions have been key for USD/CAD movements, with a new short-term bullish bias emerging as the pair has gained over 1.5% in favor of the U.S. dollar.

Are bulls on the cusp of taking over in USD/CAD, or is this a mere pullback in a broader bearish trend?