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The USDCAD is between hammer and anvil -Analysis-08-07-2025
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The USDCAD is between hammer and anvil -Analysis-08-07-2025
Jul 7, 2025 9:37 PM

The (USDCAD) price declined in its last intraday trading, due to the stability of the resistance level at 1.3685, with the emergence of the negative signals on the (RSI), after reaching overbought levels, intensifying the negative pressure on the price, amid the dominance of the main bearish trend dominance on the short-term basis, and its trading alongside a bias line, on the other hand, the price take advantage of the dynamic support that is represented by its trading above EMA50, forming a support that might decelerate its losses temporarily.

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