Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Today, the USD/CAD pair is trying to stop its previous fall, attempting to anchor above the 1.4300 level. The anticipated announcement on tariffs from U.S. President Donald Trump, expected during the North American session, is creating uncertainty, and traders are likely to stay on the sidelines, waiting to see how the market reacts.
The potential weakness of the Canadian dollar due to new U.S. tariffs is indeed a significant factor. However, the recent rise in oil prices—which traditionally supports the commodity-linked Canadian dollar—may help balance out the negative impact. Interestingly, expectations of rate cuts from the Federal Reserve are also capping the growth of the U.S. dollar, creating a complex situation for the USD/CAD pair and restraining the bulls.
From a technical standpoint, support at the 100-day Simple Moving Average (SMA) is an important level to watch. However, before taking aggressive short positions, it would be prudent to wait for a sustained break and acceptance below the round 1.4300 level. A subsequent decline could drag the pair down toward last week's swing low near 1.4235, with vulnerability extending below the 1.4200 psychological mark. A decisive break below this area could act as a new trigger for sellers, especially since the RSI (Relative Strength Index) has just begun to shift into negative territory.
On the other hand, any further upward move will face resistance at the 50-day SMA and the 1.4350 level. A break above that could trigger a round of short-covering, allowing the pair to reclaim the 1.4400 handle. Further buying interest may open the way toward intermediate resistance near 1.4440–1.4445, with scope for additional gains toward the 1.4480 zone and the key psychological level of 1.4500 and beyond.
However, as long as oscillators remain below 50, the path of least resistance for the pair continues to point to the downside.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.
We are sorry for any inconvenience caused by this message.
