USD CAD

USD/CAD plunged nearly 6.9% off the yearly highs with price now ranging just above trend support at the yearly low. Battlelines drawn on the short-term technical charts.

USD/CAD bears have come on quickly but for the past three weeks have largely stalled at support of 1.3846.

Over the past two trading sessions, the USD/CAD pair has posted a slight gain of 0.5% in favor of the U.S. dollar, although the overall bias remains bearish due to the greenback’s continued weakness in recent weeks.

Crude Oil, USCAD Outlook: WTI crude is challenging the $64.70 resistance as markets weigh ongoing trade negotiations and speculation that OPEC+ may unwind supply cuts. USD/CAD holds above 1.38, reflecting broader currency market consolidation amid global uncertainty. What are the next key levels?

USD/CAD is attempting to snap a seven-week losing streak with price now testing a multi-year uptrend. Battle lines drawn on the Canadian Dollar weekly technical chart.

USD/CAD cracks the November low (1.3821) ahead of Canada’s federal election on April 28.

Traders are increasingly focused on what a Trump-aligned Fed might mean for policy, inflation, and the dollar. With the risk of unconventional policies back in the mix, the greenback’s downside could extend if deemed a policy error by markets.

Confidence in the US Dollar continues to erode as Trump escalates his attacks on the Federal Reserve amid intensifying trade tensions with China. As a result, USDCAD has slipped below 1.38, while the Nasdaq hovers around the 18,000 level.

U.S. Dollar bulls failed to drive a pullback and USD/CAD remains heavy after the pair reverted into its long-term range.

USDCAD, USDJPY Analysis: Key levels are in sight as central bank decisions take shape, trade tensions escalate, and holidays approach — putting technical analysis in focus to navigate rising market uncertainty.

USD/CAD drops towards the monthly low (1.3829) as the Bank of Canada (BoC) keeps its benchmark interest rate at 2.75%.