USD/CAD may be forming a double bottom at 1.3550, with a breakout above 1.3750 potentially fueling a rally toward 1.3920 amid favorable US rate differentials.
USD/CAD rallied strongly on Wednesday, with technical focus on a potential double bottom near 1.3550 and bullish momentum targeting a break above 1.3760.
The US dollar rebounded against the Canadian dollar as global instability and new tariff threats drive safe-haven demand and technical support forms near 1.3550.
The US dollar bounced against the Canadian dollar in thin holiday trading, forming a potential double bottom at 1.3550 with focus on interest rate and EMA resistance.
After an initial rally, the US dollar fell sharply against the Canadian dollar on Thursday, with focus shifting to the 1.35–1.34 range amid Fed speculation.
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