USDCAD makes a break for it. Exits the low of the vary going again to mid-December

As reciprocal tariff information loses it worry momentum —no less than for now—USDCAD has damaged decrease. The pair has decisively moved beneath the 1.4260 stage, which had marked the underside of its buying and selling vary since mid-December. It has additionally slipped beneath the 38.2% retracement of the September 2024 rally at 1.42679, reinforcing a bearish outlook.

For merchants eyeing additional draw back, staying beneath 1.4260–1.4268 is essential. The pair has already hit a low of 1.4210, with the following main assist at 1.4177, a swing excessive from November. A sustained break beneath that stage would open the door to additional draw back, concentrating on the 50% retracement at 1.41057 and the 100-day transferring common at 1.40846.

For now, the bearish bias stays intact so long as USDCAD holds beneath the 1.4260–1.4268 zone.

This text was written by Emma Wang at www.ubaidahsan.com.



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