USDCAD Slides Below Last Week's Low as Sellers Hold Control
USDCAD slipped below last week's low and broke the 1.3765–1.3778 swing area, reaching 1.3760 as sellers stayed in control.
USDCAD slipped below last week's low and broke the 1.3765–1.3778 swing area, reaching 1.3760 as sellers stayed in control.
The Canadian dollar barely moved as US-Canada trade tensions intensified, with Trump announcing a Bombardier ban and Canada imposing retaliatory tariffs.
USDCAD initially rallied after divergent US and Canadian jobs data but failed to break a key retracement level, then reversed below moving averages, signaling…
The US dollar had a mixed reaction to the blockbuster US jobs report, with technical levels causing reversals in some pairs.
Canada's economy lost 41,700 jobs in August, far below the 15,000 gain expected, while the unemployment rate held at 6.4%.
USDCAD traders watch BOC decision; technical levels at 1.3882 support and 1.39179 resistance guide the bias.
USDCAD rose to test the 100-day moving average at 1.39140, driven by a stronger USD and higher US yields after hawkish comments from Fed Chair Warsh.