[adrotate group="2"]
DOLLAR RISES FROM THE ASHES: USDCAD IN A WILD SWING!
The US Dollar is staging a dramatic comeback, starting the week with a jolt at 1.36850! Forget the Loonie’s lackluster performance—this is a rollercoaster of a week and the Dollar is riding high!
T-SHIRT WORTH: EXPLOSIVE DATA REVEALED!
Just in! The latest inflation report is here, and it’s right on the money at a staggering 2.5% yearly increase! This is the magic number the Federal Reserve has been itching to see as they gear up to reinstate their cut cycle that began in September 2024. Buckle up, because the Effective Fed Funds Rate is on a downward trajectory from a hefty 5.50% to a cool 4.25%!
Don’t forget the last drop of 25 basis points in December 2024! The stage is set for a new era of cuts!
CANADA’S STUMBLE: LOOSE POLICIES AND TARIF TUMULT!
While the US struts its stuff, Canada is left reeling from aggressive rate cuts and tariffs threatening key sectors like Steel and Production! From June 2024 to March 2025, the Canadian dollar has been on a rollercoaster, crashing from 5% to a mere 2.75%.
But it’s not just the economic scales tipping! The Trump Tariffs saga looms large, swinging USDCAD from a calm 1.3450 to a shocking 1.4750 between October and February!
TIME TO TRIM THE FAT: TECHNICAL ANALYSIS ON THE RAGGED EDGE!
DAILY CHART DRAMA
USDCAD has been living the wild life! With the Loonie stumbling, we’ve seen a frenzy of traders peering into the charts, and guess what? The pair is hurtling towards territory not seen since October 2024! Right now, eyes are fixed firmly on daily support between 1.3686 to 1.3730. Will it rebound, or will it crash through? The tension is palpable!
4H CHART CHAOS
Things just got wild! Prices have blasted through the previous support zone (1.3780 to 1.3800) like a cannonball, following yesterday’s explosive court decision announcing the end of Trump’s ridiculous tariff plans—dubbed the "Trump Taco."
Let’s not forget, the US currency is flexing its muscles across different markets, and USDCAD feels the heat!
1H CHART CLIFFHANGER
The drama thickens on the 1-hour chart! The MA 50 is putting the squeeze on, directing traders to keep an eye on S3 levels between 1.37 and 1.3720. If the bulls make a comeback from this cliff, they’ll be looking at pivoting back to 1.38150.
SAFE TRADES? MORE LIKE A HIGH-STAKES GAME!
Hold onto your wallets, folks! This thrilling ride is just getting started! Will the US Dollar maintain its reign? Will the Loonie find its footing? Keep your eyes peeled, this market could flip at any moment!
[adrotate group="2"]
