USDCAD puts rally on hold near 1.3800 caution zone

USDCAD pauses aggressive bull run near five-month high. Faces resistance around 1.3800, but remains supported above 1.3690.

XM Group | 563 dagar sedan

USDCAD puts rally on hold near 1.3800 caution zone

USDCAD attempted to re-enter the 1.3800 territory earlier today after its pullback from a five-month high of 1.3844 on Wednesday. But upside forces faded soon, forcing the price to pull back to Thursday’s closing price of 1.3765.

The RSI and the stochastic oscillator have exited the overbought territory, justifying the latest negative turn in the price. That said, the RSI is still comfortably elevated above its 50 neutral mark and the MACD is well above its red signal line, providing a ray of hope that the bulls could still show up.

Should the bears break below the 78.6% Fibonacci retracement of the November-December downleg at 1.3743, there is a possibility of another decline to retest the upper band of the broken bullish channel at 1.3690. An extension lower could stabilize somewhere between the 20-day simple moving average (SMA) and the 1.3600 round level. If not, the sell-off could continue towards the 50-day SMA at 1.3565.

In the positive scenario, where the pair closes back above 1.3800, it may face another tough battle within the 2023 peak area of 1.3860-1.3898. Once the border is successfully penetrated, the next target will be the 2022 top of 1.3976, while higher, the bulls might encounter resistance somewhere between the 1.4040 barrier seen in May 2020 and the psychological level of 1.4100.

To summarize, USDCAD has switched to a neutral mode and is awaiting a decisive move above 1.3800 or below 1.3690 to determine its next direction.

XM Group

4.3

263 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 | 3 dagar 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 | 4 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 | 5 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 | 11 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 | 12 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 | 17 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 | 18 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 | 19 dagar sedan

EURUSD	1.15185	GBPUSD	1.31337	AUDUSD	0.65348
USDJPY	154.231	USDCAD	1.40561	USDCHF	0.80752