USDCAD Forex Analysis - Decline Targeting 1.3116 Daily Support

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the USDCAD daily and 4-hour charts.
ACY Securities | 836 วันที่ผ่านมา

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the USDCAD daily and 4-hour charts.

1.3216-23 the 79% fib retracement level and weekly resistance level.

Watching for price to rally and fail at this intraday resistance area for a further decline targeting the 1.3116 daily support level.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

ACY Securities
ประเภท: STP, ECN, Prime of Prime, Pro
กฎระเบียบ: ASIC (Australia), FSCA (South Africa)
read more
Global Currencies React to Shifting Trade Data and Central Bank Policies Amid Mixed Dollar Performance | 7th November 2025

Global Currencies React to Shifting Trade Data and Central Bank Policies Amid Mixed Dollar Performance | 7th November 2025

The U.S. Dollar steadied near 100.00 as firm yields and weak Chinese trade data pressured risk currencies. The Aussie and Kiwi fell on slower export outlooks, while USD/CAD held near six-month highs. The Yen eased as BoJ stayed dovish. Traders now await U.S. inflation and sentiment data for the Fed’s next policy cues.
Moneta Markets | 2 วันที่ผ่านมา
Central Banks Drive FX Moves: RBA Holds, BoJ Hints at Hikes | 4th November 2025

Central Banks Drive FX Moves: RBA Holds, BoJ Hints at Hikes | 4th November 2025

Global FX markets opened cautiously as central banks set the tone. The Aussie briefly firmed after the RBA held rates at 3.6%, while the Yen strengthened on rising BoJ hike bets. GBP/USD steadied near 1.3150, EUR/JPY slipped to 177.00, USD/CAD stayed above 1.4050, and AUD/NZD hit a two-year high. Traders await U.S. jobs data for Fed clues.
Moneta Markets | 5 วันที่ผ่านมา
Hawkish Fed Tone Keeps Dollar Firm, Metals Mixed | 31st October 2025

Hawkish Fed Tone Keeps Dollar Firm, Metals Mixed | 31st October 2025

Markets steadied as the US Dollar stayed firm after hawkish Fed remarks dampened hopes for near-term rate cuts. Gold hovered below $4,050 and silver near $49.00 amid cautious sentiment. The Aussie weakened on soft China data, while USD/JPY slipped as sticky Tokyo inflation revived BoJ shift bets. Traders await key US inflation and jobs data.
Moneta Markets | 9 วันที่ผ่านมา
Markets on Edge as trump-Xi Meeting Takes Center Stage | 30th October 2025

Markets on Edge as trump-Xi Meeting Takes Center Stage | 30th October 2025

Global markets traded cautiously as the Trump–Xi meeting drew global attention, shaping risk sentiment and trade outlook. Gold held near $3,950 while silver steadied around $47.50. Risk currencies like AUD and NZD advanced on trade optimism, and USD softened ahead of key event updates. Traders await concrete signals to set November’s tone.
Moneta Markets | 10 วันที่ผ่านมา
Oil Slips as OPEC+ Output Plans Weigh on Markets | 29th October 2025

Oil Slips as OPEC+ Output Plans Weigh on Markets | 29th October 2025

Global markets turned cautious as reports of a potential OPEC+ output hike weighed on oil and risk sentiment. WTI fell near $60.00, while the USD stayed firm ahead of FOMC and BoC meetings. Gold held near $4,250, EUR/USD eased under 1.1650, and NZD/USD hovered near 0.5780. Traders await policy clarity and OPEC+ confirmation to set next direction.
Moneta Markets | 11 วันที่ผ่านมา
Defensive Demand Lifts Metals as Oil Surges on US Sanctions | 23rd October 2025

Defensive Demand Lifts Metals as Oil Surges on US Sanctions | 23rd October 2025

Global markets traded cautiously as geopolitical tensions resurfaced. Gold eased below $4,250 but held support on risk-off sentiment, while silver climbed above $48.50 on mixed industrial and defensive demand. Oil surged past $60 after US sanctions on Russian energy firms sparked supply concerns. The Dollar steadied near 99.00 amid optimism on a US–China trade deal.
Moneta Markets | 17 วันที่ผ่านมา
Inflation in Focus as Traders Eye BoE’s Next Move | 22nd October 2025

Inflation in Focus as Traders Eye BoE’s Next Move | 22nd October 2025

Markets traded cautiously as investors awaited UK inflation data, a key driver for the Bank of England’s next move. The Pound held firm ahead of CPI, oil extended gains on improving demand, and the US Dollar stayed soft. Broader sentiment was steady as easing US–China trade tensions balanced inflation-driven uncertainty.
Moneta Markets | 18 วันที่ผ่านมา