- USD / CAD Outlook improves as it trades above 1.37, raised with gas flows.
- HED Careful Inflation Attitude enhances the dollar support, but the uncertainty of politics still exists.
- CAD profit the limit of upside down while growing oil prices offer a certain anti-USD for power.
The USD / CAD look is still slightly positive as the couple extended to the third consecutive session on Thursday. The couple floats above 1,3700, at the time of writing. The recent bikara move is attributed to a cautious tone of the Feda that supports a safe at the dollar flows in the middle of geopolitical concerns.
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Geopolitical risks escalate because the conflict of Iran-Israel has already moistened the risk of risk. The aggressive position of the American president against Iran has strengthened the situation because fear of American military intervention increased. These events gave strength to the US dollar, as a cut refuge, pushing the American dollar index above 99.00 mark.
Moreover, Federal Assembly of the Federal Reserve, which is recently kept at the interest rates at 4.25% – 4.50%, as expected. However, the native chair was made up of careful tone, admitting that inflation was still above their targets. Therefore, the speed of the cut is primarily dependent on how labor markets perform and if the decrease in inflation maintains, given the Trump tariffs can potentially reaxer the inflation. The Fed Chair also reiterated that the Central Bank was expected to deliver two retreats with speed to the end of 2025.
On the other side of the equation, the slope of the Canadian dollar is limited in the middle of a stronger price of crude oil. The VTI prices tested a level of $ 75.00 near the high 5 months before they slide a little. Also, the fear of oil oil disorders, the great, as Iran could take the Hormuz Strait.
USD / CAD Technical Outlook: Bullish above 1,3700
USD / CAD 4-hour map Displays the resistance test at 1,3728, and then slightly withdrawn. However, the price remains significantly above the SMA 20-period that is a positive sign for a couple. The value of the RSI is close to the presidential use surface that indicates that the price may consolidate around liquid levels and taking profits.
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If the couple manages to find acceptance above 1,3700, it can test 1,3800 per night of 1,3850. On the side, if the sales brackets and price violates the 1,3700 barrier, it can be moved to 1,3650 per night of 1,3600.
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