USD/CAD Technical Analysis April 10, 2025
Current Price Levels and Technical Indicators:
As of 7:00 GMT on April 10, 2025, the USD/CAD pair is trading at approximately 1.4084. The Relative Strength Index (RSI) is at 42.18, indicating neutral momentum. The Average True Range (ATR) is at 0.00153, suggesting low volatility in the market.
Support and Resistance Levels:
Immediate support is identified at 1.4300, with further support at 1.4280 and 1.4260. Resistance levels are observed at 1.4340, 1.4360, and 1.4390. The pivot point is calculated at 1.4310.
Fundamental Factors:
The USD/CAD pair has experienced a sharp decline, reaching levels near 1.4180, as the US Dollar weakened following the announcement of increased import duties on China by the US administration. Additionally, the Canadian Dollar has strengthened amid easing trade tensions, contributing to the pair’s downward movement.
Conclusion:
The USD/CAD pair is currently exhibiting neutral momentum with low volatility. Traders should monitor upcoming economic events and policy decisions from both the United States and Canada, as these could significantly influence the pair’s direction.
EUR/USD Technical Analysis April 10, 2025
GBP/USD Technical Analysis April 10, 2025
USD/JPY Technical Analysis April 10, 2025