USDCAD pauses four-day slide

USDCAD pauses bearish correction near support area. Technical signals are weak amid holiday-thinned liquidity conditions. All eyes turn to the US core PCE inflation due at 12:30 GMT

XM Group | 582 dagar sedan

USDCAD was trading with soft positive momentum around 1.3547 during Friday’s early European trading hours as investors headed into the Easter holiday.

Technically, the pair found support around its 20-day simple moving average (SMA) after a four-day decline. Notably, the SMA lines played a key role as pivot points during the month of March. Hence, the odds for an upside reversal are high as long as the price holds above those lines in the 1.3500 region. The trendline zone slightly lower at 1.3450-1.3470 could also prevent a crash out of the bullish channel and towards the 1.3345-1.3380 constraining area.

Disappointingly, the technical indicators are not favoring the bulls at the moment. Even though the RSI is trying to rotate higher near its 50 neutral mark, the stochastic oscillator has already started a new negative cycle, while the MACD has slipped below its red signal line, suggesting that sentiment has yet to improve.

Nonetheless, should the 20-day SMA hold steady, there is a possibility for the pair to reverse upwards and revisit the 1.3600 psychological level. A victory there may not excite traders unless the price also crawls above the channel’s upper band at 1.3660. If that scenario unfolds, the door will open for the 1.3700-1.3745 territory and then for the 1.3800 number.

In summary, although the bulls don’t have an advantage according to the technical signals, a recovery phase in USDCAD is possible, as the pair is currently testing a key support zone.

XM Group

4.2

262 reviews

Typ: Market Maker

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

Taggar: Analys USDCAD

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 | 1 dag sedan

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 | 2 dagar sedan

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 | 3 dagar sedan

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 | 9 dagar sedan

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 | 10 dagar sedan

USDCAD holds ground below 6-month high

USDCAD remains in bullish tendency; But technical oscillators show some weakness; Will the price continue bullish structure?

XM Group | 15 dagar sedan

Oil Steadies as India Halts Russian Imports, Dollar Weakens on Fed Bets | 16th October 2025

Oil steadied near $58 after India halted Russian imports, easing supply fears. The US Dollar weakened as dovish Fed expectations lifted risk appetite and commodities. Gold surged above $4,200, while NZD and CAD gained on USD softness. Traders now eye Fed comments, US data, and EIA reports for market direction.

Moneta Markets | 16 dagar sedan

Fed’s Dovish Tone Weakens Dollar, Lifts Majors | 15th October 2025

The US Dollar weakened after Fed Chair Powell’s dovish remarks fueled expectations of a year-end rate cut, lifting major currencies and risk sentiment. Oil stayed subdued near $58 amid oversupply worries, while GBP/USD, EUR/USD, and AUD/USD gained. Traders await key US data and FOMC minutes for policy confirmation.

Moneta Markets | 17 dagar sedan

EURUSD	1.15332	GBPUSD	1.315	AUDUSD	0.65363
USDJPY	153.968	USDCAD	1.40067	USDCHF	0.8043