USD/CAD hangs near YTD low; flat lines above 1.3700 ahead of BoC, US macro data

USDCAD Technical Analysis Report 4 June, 2025 - FinanceFeeds

USDCAD currency pair can be expected to fall to the next support level 1.3600 (target for the completion of the active impulse wave iii). USDCAD broke key support level 1.3750 Likely to fall to support level 1.3600 USDCAD currency pair recently broke the key support level 1.3750 (which has been steadily reversing the price from the start of May, as can be seen from the daily USDCAD chart below). The price earlier formed the daily Japanese candl…

USD/CAD Holds Near 2025 Low - Action Forex

As the chart shows, the USD/CAD exchange rate hit its lowest level of 2025 on 2nd June, nearing the 1.3680 mark. Although there was a partial recovery on 3rd June, it was not substantial. These fluctuations reflect market participants’ cautious sentiment ahead of key announcements scheduled for today, 4th June: → At 15:15 (GMT+3), the […] The post USD/CAD Holds Near 2025 Low appeared first on Action Forex.

Major Currency Pairs Consolidate Ahead of Key Economic Data Releases

The GBP/USD and USD/CAD currency pairs are showing sideways movement as markets await the release of critical macroeconomic statistics. Traders are taking a wait-and-see approach, assessing upcoming data from the US, UK, and Canada.A significant amount of attention is focused on US data. Today, ADP employment figures are expected — analysts forecast a gain of 111K compared to 62K last month. A positive outlook is also expected for the ISM Servic…

USD/CAD hangs near YTD low; flat lines above 1.3700 ahead of BoC, US macro data

The USD/CAD pair extends its sideways consolidative price move through the Asian session on Wednesday and remains close to its lowest level since October 2024 touched earlier this week.