USD/CAD Technical Analysis
The daily chart for USD/CAD shows the pair consolidating in support of an ascending channel, forming a base pattern at this level. The 50-day SMA further strengthens this support. However, President Trump’s tariff uncertainty has increased price volatility, leading to wide trading ranges. The RSI has broken below the mid-level, suggesting the pair may consolidate to the downside. However, large movements in the US Dollar Index have created uncertainty in the USD/CAD market.
