USD/CAD Flatlines: Reversal Ahead? - Action Forex

U.S. Dollar Strengthens As Michigan Consumer Sentiment Surpasses Expectations Impact On EUR/USD, GBP/USD, USD/CAD, And USD/JPY

U.S. Dollar Rises After Michigan Sentiment Beat Expectations The U.S. Dollar showed resilience ahead of the weekend, gaining modest ground following the release of a stronger-than-expected Michigan Consumer Sentiment report. The index dipped from 57.0 in March to 52.2 in April, but still topped analyst forecasts of 50.8 — giving the greenback a slight boost. The U.S. Dollar Index (DXY) remains in focus. If it slips below the 99.50 level, traders…

USD/CAD Consolidates In A Narrow Range - FinanceFeeds

In the latter half of April, USD/CAD volatility has eased, following sharp movements seen since February. Over the past week, the pair has stabilised within the 1.390–1.380 range, as traders evaluate what a fair value for the exchange rate might be amid shifting market dynamics: The US dollar has found some strength on optimism around potential easing in US-China trade tensions. However, conflicting signals persist — while Trump suggests talks …

USD/CAD Flatlines: Reversal Ahead? - Action Forex

USDCAD meets long-term support trendline near 1.3810. Technical indicators reflect easing selling interest. A decisive move above EMAs needed to shift outlook. USDCAD saw limited movement throughout the week and is currently heading for a second consecutive neutral close. However, the sideways trajectory in the price, combined with oversold signals from the RSI and stochastic […] The post USD/CAD Flatlines: Reversal Ahead? appeared first on Acti…