USD/CAD pauses bounce off seven-month low; capped below 20-SMA. Technical signals cannot warrant bullish continuation yet.
 |
| BBC LIVE |
The USD/CAD, which tracks the U.S. dollar against the Canadian dollar, recently bounced off a seven-month low near 1.3600 but has struggled to sustain upward momentum. On May 30, 2025, the pair remains capped below the 20-day SMA, a key technical level currently around 1.3700, signaling caution for traders. According to market analysis, technical signals—such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD)—are not yet confirming a bullish continuation, keeping the pair in a consolidation phase.
Post a Comment