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 | 681 дней спустя

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.

Регулирование: ASIC (Australia), FSCA (South Africa)
read more
Markets Brace for NFP Showdown | 6th June, 2025

Markets Brace for NFP Showdown | 6th June, 2025

On June 6, 2025, global financial markets are cautious ahead of the US Nonfarm Payrolls (NFP) report, expected to show 130,000 jobs added in May with a steady 4.2% unemployment rate. The Australian Dollar (AUD/USD at 0.6510) declines amid USD recovery (DXY at 98.80) but downside is limited by market caution.
Moneta Markets | 1 дней спустя
Silver Shines, Dollar Wavers | 5th June, 2025

Silver Shines, Dollar Wavers | 5th June, 2025

On June 5, 2025, global markets are navigating a mix of economic data, trade uncertainties, and monetary policy expectations. The US Dollar (DXY at 98.90) recovers modestly after weak US data (ISM Services PMI at 49.9, ADP at 37K) but remains capped by Fed rate-cut bets (70% for two 25 bps cuts in 2025) and fiscal concerns.
Moneta Markets | 2 дней спустя
Weekly Technical Outlook – EURUSD, USDJPY, USDCAD

Weekly Technical Outlook – EURUSD, USDJPY, USDCAD

EURUSD outlook remains favorable as EZ CPI, ECB rate decision awaited . USDJPY takes a downturn as trade risks return ahead of US nonfarm payrolls . USDCAD slides to fresh seven-month low; BoC rate decision on the agenda too .
XM Group | 5 дней спустя
EURUSD, NZDUSD, USDCAD

EURUSD, NZDUSD, USDCAD

Trump’s decision to delay tariffs on EU goods, US PCE index and Fed minutes could shake EURUSD; RBNZ to cut rates by 25 bps; NZDUSD ticks up in neutral phase; Modest growth on Canadian GDP; USDCAD plunges to 8-month low
XM Group | 12 дней спустя
Yen Surges, Pound Shines: May 26, 2025

Yen Surges, Pound Shines: May 26, 2025

Global financial markets on May 26, 2025, are driven by US fiscal concerns, central bank policy divergence, and easing trade tensions. The US Dollar (DXY at 99.70) hits a one-month low amid deficit fears from Trump’s $4T tax bill, lifting GBP/USD to a multi-year high above 1.3550 and pressuring USD/CAD below 1.3700.
Moneta Markets | 12 дней спустя