USDCAD bears show up near key resistance

USDCAD pauses rebound near key resistance trendline. Market sentiment might remain fragile as long as the pair holds below 1.3440.

XM Group | Před 664 dny

USDCAD bears show up near key resistance

USDCAD could not climb into the 1.3400 zone despite the slight positive surprise in the US CPI inflation numbers on Thursday, staying below the ascending trendline drawn from November 22.

The pair also seems to be trapped between the upper 2021 ascending trendline around 1.3440 and the constraining line from November 2022 near 1.3345.

Encouragingly, the price has built a floor around the 23.6% Fibonacci mark of the November-December downtrend to close above the 20-day simple moving average (SMA) after two months. Despite that, the RSI has yet to enter the bullish territory above 50, while the stochastic oscillator seems to have already started a new bearish cycle, suggesting that sellers could remain active in the market.

Should the current weakness in the price extend below the 1.3325-1.3345 region, the focus could turn to the falling line from early November at 1.3277. If the bears ignore that barrier too, the pair might seek support near the lower 2021 ascending trendline at 1.3225, a break of which could bring December’s floor of 1.3176 back under the spotlight.

On the upside, the bulls will need to pierce through the 1.3440 wall and the 38.2% Fibonacci mark to speed up to the 50-day SMA and the 50% Fibonacci of 1.3537. Additional gains from there could stabilize somewhere between the tentative descending trendline from November’s highs at 1.3590 and the 61.8% Fibonacci of 1.3622.

In summary, USDCAD has not escaped negative risks despite starting the year on a good note. A decisive close above 1.3400-1.3440 could resume buying confidence in the market.

XM Group

4.2

264 reviews

Typ: Market Maker

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

Značky : Analýza USDCAD

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 | Před 2 dny

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 | Před 6 dny

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 | Před 7 dny

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 | Před 8 dny

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 | Před 14 dny

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 | Před 15 dny

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 | Před 20 dny

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 | Před 21 dny

Review Score

Platforma

Ceny

Zákaznický servis

Funkce

EURUSD	1.155	GBPUSD	1.3141	AUDUSD	0.64855
USDJPY	152.882	USDCAD	1.41118	USDCHF	0.80613