USDCAD breaks 1.4200; deep correction ahead?
USDCAD breaks below 1.4200! Bearish signals (RSI/MACD) suggest a drop toward 1.4120 & 1.4110 support. A recovery above 1.4235 invalidates the move.
XM Group
|
6 hari yang lalu
Overview: USDCAD dropped below the critical 1.4200 level and the 20-day SMA, increasing the likelihood of a steeper short-term downside correction.
Momentum: Technical oscillators reflect downside pressure. The RSI is ticking down following a retreat from overbought territory, while the MACD has fallen below its trigger line.
Bearish Scenario: Further losses from the current price near 1.4180 could extend the decline toward immediate support at 1.4120, which is the 23.6% Fibonacci retracement of the 1.3550–1.4298 move. Below that, the 38.2% Fibonacci at 1.4110, near the 50-day SMA, serves as the next support.
Risk: A rally above 1.4235, the 4-hour 50-period SMA, would negate the recent drop.
XM Group
4.3
432 ulasan
Tipe: Market Maker
Regulasi: FSA (Seychelles), FSC (British Virgin Islands), CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
baca selengkapnya
UK Inflation Risks and Central Bank Expectations Shape Forex as Oil | 21st October, 2026
Inflation expectations drive forex markets as GBP and NZD await key CPI data. WTI crude holds near $98.60 amid Middle East tensions, supporting the Canadian Dollar. The Australian Dollar strengthens on hawkish RBA signals and robust Chinese growth, while traders monitor central bank decisions and geopolitical developments for fresh market direction.
Moneta Markets
|
1 hari yang lalu
EBC Markets Briefing | Loonie pains extend far beyond the Alberta vote
Alberta's vote on independence could sway the loonie as oil-driven inflation, weak growth and US trade tensions weigh on Canada's economic outlook.
EBC Financial Group
|
1 hari yang lalu
Dollar Weakens as Oil Rallies and Asian Currencies Navigate PBOC Policy | 20th October, 2026
The US Dollar weakens below 102.00 amid Fed rate-pause expectations, while WTI crude rallies toward $98.50 on geopolitical supply risks. Rising oil prices support the Canadian Dollar, pressuring USD/CAD. Meanwhile, the Australian and New Zealand Dollars remain cautious as China holds lending rates steady, with inflation data and central bank signals in focus.
Moneta Markets
|
2 hari yang lalu
Asian Currencies Strengthen as China Growth Beats Forecasts and the US Dollar Weakens
Asian currencies gain momentum as stronger-than-expected Chinese economic data supports the Australian and New Zealand Dollars. The US Dollar remains under pressure amid expectations of a Federal Reserve rate pause, while the Yen faces intervention concerns. Meanwhile, USD/CAD weakens as the Greenback retreats, with falling oil prices limiting Canadian Dollar gains.
Moneta Markets
|
3 hari yang lalu
Dollar Weakens as Gold and Major Currencies Await US CPI | 14th October, 2026
Global markets await US CPI data as the Dollar weakens toward 102.00, supporting the Canadian Dollar, Euro, and Gold. Rising oil prices fuel inflation concerns, potentially influencing Federal Reserve policy. Meanwhile, the Australian Dollar strengthens against the Yen following China's inflation data. Traders remain focused on inflation figures, central bank signals, and key technical levels.
Moneta Markets
|
8 hari yang lalu
Precious Metals Rebound as Softer Dollar and Easing Inflation Fears Support Markets | 9th October, 2026
Precious metals and major currencies opened Friday higher as the US Dollar slipped on falling Treasury yields and easing oil prices after US-Iran talk. Gold sits near $4,200 and silver near $60.10. USD/CAD (1.4210) and USD/CHF (0.8300) are drifting lower, while NZD/USD (0.5615) is gaining. A hawkish Fed still limits Dollar losses.
Moneta Markets
|
12 hari yang lalu
Dollar Strength Builds as Oil Climbs on Middle East Risks Ahead of Fed Minutes | 7th October, 2026
Global markets remain focused on renewed US Dollar strength, elevated Oil prices and the upcoming FOMC Minutes. The Dollar Index has reclaimed 102.00 as higher Treasury yields and expectations for further Fed tightening support the Greenback, while WTI holds near $89.50 amid persistent Middle East supply concerns. USD/CAD remains supported by USD demand but is being cushioned by recovering Oil pri
Moneta Markets
|
14 hari yang lalu
Currency Divergence Deepens as USD Holds Firm | 6th October, 2026
The US dollar remains broadly firm as currency markets show increasing divergence. NZD/USD remains vulnerable near 0.5600, while GBP/USD and AUD/USD struggle to gain momentum. USD/CAD stays elevated amid weak oil prices, while USD/JPY remains sensitive to Japan’s fiscal plans and BoJ rate expectations.
Moneta Markets
|
16 hari yang lalu
