USD/CAD Technical Analysis March 26, 2025
Current Price Levels and Technical Indicators:
As of 8:00 AM GMT on March 26, 2025, the USD/CAD currency pair is trading at approximately 1.4304.
Relative Strength Index (RSI): The 14-day RSI is around 53.87, indicating neutral momentum.
Moving Averages: The pair is trading near its 50-day Simple Moving Average (SMA), suggesting consolidation around this level.
Support and Resistance Levels:
Support: Immediate support is observed above the 1.43 level, with traders anticipating potential tariff announcements.
Resistance: The first resistance level is near the 50-day EMA, with a potential break above 1.45 opening the door for further gains.
Fundamental Factors:
Several fundamental factors are influencing the USD/CAD pair:
Tariff Concerns: Traders are awaiting announcements regarding potential tariffs, with market volatility expected around April 2.
Bank of Canada (BoC) Policy: The BoC is anticipated to continue easing interest rates through 2025, potentially influencing the CAD’s value.
Conclusion:
The USD/CAD pair is currently consolidating near key support and resistance levels. Technical indicators suggest a neutral bias, but upcoming tariff announcements and central bank policies are likely to drive significant volatility. Traders should remain cautious and monitor developments closely.
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