Canada jobs miss hits loonie; USDCAD rally stalls at resistance
Canada lost 68,300 jobs in September, far worse than expected. USDCAD spiked but failed to hold above 1.42928, now trading near 1.4280.
Canada lost 68,300 jobs in September, far worse than expected. USDCAD spiked but failed to hold above 1.42928, now trading near 1.4280.
Canada lost 68,300 jobs in September, far worse than the expected gain of 9,200, as the trade war hurt the economy.
USDCAD sellers are testing the 200-hour MA at 1.4227 after pushing below the 100-hour MA, with a break potentially targeting 1.4200.
USDCAD bounced off the 200-hour MA and crossed back above the 100-hour MA, keeping the uptrend intact.
USDCAD reached resistance at 1.4293 and pulled back, but sellers need to break support levels to confirm a reversal.
Dollar weakness pushed USDJPY and USDCHF below hourly moving averages, while USDCAD's pullback brought its trendline into focus.
USDCAD extended its rally as buyers defended a rising channel, pushing to a new high since July 7.
USDCAD gained about 320 pips from 1.3760 to 1.4080, testing a key resistance level.
USDCAD broke above key resistance after the Fed. Buyers aim to hold 1.4000, while sellers look to defend that zone.
USDCAD broke above a key confluence of the 38.2% retracement and 100-day moving average; sustainability hinges on holding these levels ahead of the Federal…
USDCAD's rally reaches a resistance cluster at the 38.2% retracement and 100-day moving average near 1.3932.
Consistent use of technical tools helps traders define bias, manage risk, and set targets. USDCAD moved above the trendline and 50% retracement, but faced…
USDCAD falls despite escalating trade war, as technicals contradict fundamentals. The pair tests key support near 1.3765.
Trump bans Canadian autos, dairy, and alcohol, and expands tariffs, escalating trade war. Bans take effect in three weeks.
USDCAD slipped below last week's low and broke the 1.3765–1.3778 swing area, reaching 1.3760 as sellers stayed in control.