USD/CAD – Tuesday, August 5, 2025.
Although the RSI(14) indicator is in neutral-bullish, with the EMA forming a Death Cross, it appears that the London peg still has the potential to weaken again in the near future.
Key Levels
1. Resistance 2: 1.3812.
2. Resistance 1: 1.3793.
3. Pivot: 1.3775.
4. Support 1: 1.3756.
5. Support 2: 1.3738.
Tactical Scenario
Pressure Risk Zone: If the price breaks down and closes below 1.3775, the Loonie will continue its decline to 1.3756.
Momentum Extension Bias: If the 1.3756 level is successfully broken and closes below it, USD/CAD will continue its decline to 1.3738.
Invalidation Level / Bias Revision
Downside bias is maintained if the price breaks through and closes above 1.3812.
Technical Summary
EMA(50): 1.3780.
EMA(200): 1.3787.
RSI(14): 64.46.
Economic News Release Agenda:
Canada will release the CAD-Trade Balance economic data today at 19:30 WIB. Meanwhile, the United States will release the following economic data tonight: the US 10-year Bond Auction at 19:30 WIB, the US Final Services PMI at 20:45 WIB, the US ISM Services PMI at 21:00 WIB, and the US RCM/TIPP Economic Optimism (with tentative dates).
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