USDCAD battles for direction within triangle

USDCAD stays on the sidelines ahead of November’s jobs data. Bearish pressures likely but sellers need a close below 1.4000.

XM Group | 349天前

USDCAD battles for direction within triangle

USDCAD is currently treading water, caught in a neutral symmetrical triangle at the top of the two-month-old uptrend as traders are holding their breath ahead of the release of key U.S. and Canadian jobs data.

The technical indicators suggest the short-term bias is leaning to the downside as the stochastic oscillator is set for a negative reversal and the MACD continues to decelerate below its red signal line. Nevertheless, traders may stay patient until the price breaks above the 1.4075-1.4100 area or falls below 1.4000.

In the event of a bullish breakout, the pair may re-challenge November’s four-year high of 1.4172 and if this proves easy to overcome this time, it could speed up toward the resistance line at 1.4265. Next, the rally could pause around the 1.4370 region if the 1.4300 psychological mark gives the green light.

On the downside, a step below the 20-day exponential moving average (EMA) at 1.4000 could activate selling orders toward the 1.3945 barrier, while a deeper pullback could take a breather near the 50-day SMA currently at 1.3900. If the bears claim the latter, the downfall could stretch aggressively to 1.3820.

Summing up, USDCAD is holding a neutral-to-bearish bias, monitoring the 1.4000 and 1.4100 levels, as a break in either direction could determine the next significant move.

XM Group

4.3

275 reviews

類型: Market Maker

規則: CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa)

標籤: 分析報告 USDCAD

Precious Metals and Forex Markets React to Key Economic Shifts | 20th November 2025

Precious metals firmed as gold and silver gained ahead of key US labor data, while oil edged higher on EIA draws. FX markets were steady, with USD/CAD supported by weaker oil and USD/CNY guided by PBOC stability. Traders remain cautious, awaiting the delayed NFP and central bank cues to shape short-term momentum.

Moneta Markets | 11小時21分鐘前

Major Forex Moves & Inflation Data Shape Market Sentiment Ahead of Fed Minutes | 19th November 2025

Forex markets trade cautiously as inflation expectations and the upcoming Fed Minutes keep sentiment tight. The USD holds firm, pressuring EUR, GBP, CAD, and JPY, while weaker oil supports USD/CAD. Traders brace for hawkish signals, with most pairs staying range-bound ahead of key data and central bank updates.

Moneta Markets | 1天前

Dollar Strengthens as Global Rate Cut Bets Fade | 17th November 2025

The US Dollar strengthened as fading global rate-cut expectations boosted demand for safety and yield. Risk currencies like NZD, GBP, and EUR fell, while USD pairs firmed on resilient US data and cautious central bank outlooks. Mixed signals from China and weak UK/EU data kept sentiment soft, keeping USD in the driver’s seat.

Moneta Markets | 3天前

Markets Calm as Shutdown Nears End | 11th November 2025

Global markets steadied as optimism grew over a potential U.S. government shutdown resolution. The USD gained modestly, boosting commodity-linked currencies while Gold and Silver extended gains on Fed rate cut expectations. Oil held near recent highs, and risk sentiment recovered cautiously amid improving fiscal outlook and softer U.S. data.

Moneta Markets | 9天前

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 | 13天前

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 | 16天前

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 | 20天前

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 | 21天前

Review Score

平臺

定價

客戶服務

功能

EURUSD	1.15367	GBPUSD	1.30836	AUDUSD	0.64573
USDJPY	157.512	USDCAD	1.40851	USDCHF	0.80535