Key Highlights USD/CAD started a fresh decline from the 1.3750 resistance. It traded below a key bullish trend line with support at 1.3670 on the 4-hour chart. EUR/USD rallied above the 1.0750 resistance zone. Gold prices were able to surpass the $2,350 resistance. USD/CAD Technical Analysis The US Dollar struggled to continue higher above 1.2750 […]
The post USD/CAD Slips: Understanding The Decline and Bearish Potential appeared first on Action Forex.
USDCAD declines from 1.4100 again RSI moves horizontally below 70 MACD still in bullish momentum USDCAD has successfully broken the 1.4100 psychological mark earlier today, taking the market towards a fresh four-and-a-half-year high of 1.4176. Read more…
US President-elect Trump used his Truth Social network to announce his latest tariff threats. Trump vowed to impose 10% additional tariffs on China exports to the US and 25% tariffs on all products from Mexico Read more…
Oil prices rose in early European trade following a drop on Monday. OPEC+ is set to meet on December 1st to discuss a potential oil cut rollover into 2025. Technically, Brent Crude has been in Read more…