empty
26.06.2025 05:11 AM
USD/CAD continues to weaken even though there is a potential for a re-test at its Dynamic Resistance, Thursday, June 26, 2025.

USD/CAD – Thursday, June 26 2025.

USD/CAD is moving in a weakening condition even though there is a potential for strengthening to the extent of a retracement.

Key Levels

1. Resistance. 2 : 1.37724.

2. Resistance. 1 : 1.37492.

3. Pivot : 1.37317.

4. Support. 1 : 1.37085.

5. Support. 2 : 1.36910.

Tactical Scenario

Pressure-Prone Zone: If the 1.37492 level acts as a level that is strong enough to withstand the rate of strengthening retracement that will occur with the Dynamic Resistance of VWAP, then it has the potential to make USD/CAD depressed again to the 1.37317 level.

Momentum Extension Bias: If The Lonnie manages to break through and close below its Pivot level, it has the potential to continue its weakening back to the level of 1.37085.

Invalidation Level / Bias Revision

Downside bias is held if the USD/CAD price continues to strengthen and breaks above the level of 1.37724.

Technical Summary

The current USD/CAD price movement structure forms a Higher Low - Lower Low and is below the VWAP which has a decreasing slope and is in a Bearish channel that is diving down, the RSI (14) condition with a value of 40.21 which is in the Neutral Bearish area indicates that USD/CAD is still under pressure.

Economic News Release Agenda

1. US GDP (QoQ) (Q1) - 19:30 WIB.

2. US Durable Goods Orders (MoM) (May) - 19:30 WIB.

3. US Initial Jobs Claim - 19:30 WIB.

This image is no longer relevant

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD. Indicator Analysis on July 17th

On Wednesday, the pair moved upward (on news), reaching the 8-period EMA at 1.3489 (thin blue line), then declined and closed the daily candle at 1.3417. Today, it may continue

Stefan Doll 12:12 2025-07-17 UTC+2

Forex forecast 17/07/2025: EUR/USD, GBP/USD, USD/JPY, SP500 and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 12:08 2025-07-17 UTC+2

EUR/USD. Indicator Analysis on July 17th

On Wednesday, the pair moved upward (on news), reaching the 23.6% level at 1.1739 (yellow dashed line), and then declined, closing the daily candle at 1.1639. Today, it may continue

Stefan Doll 11:45 2025-07-17 UTC+2

EUR/USD. July 17th. Trump Wants to Fire Powell Again

On Wednesday, the EUR/USD pair reached the 100.0% corrective level at 1.1574, rebounded from it, and rose to the 127.2% Fibonacci level at 1.1712, from which it also bounced

Samir Klishi 11:23 2025-07-17 UTC+2

GBP/USD. July 17th. Unemployment in the UK Continues to Rise

On the hourly chart, the GBP/USD pair rebounded on Wednesday from the support zone of 1.3357–1.3371 and rose to the 76.4% corrective level at 1.3470. A rebound from 1.3470

Samir Klishi 11:15 2025-07-17 UTC+2

The DXY has the potential to test its pivot level, but there is potential for further strengthening on Thursday, July 17, 2025.

US Dollar Index – Thursday, July 17, 2025 If the pivot and support levels are able to withstand the #USDX's weakening correction in the near term, the #USDX

Arief Makmur 08:47 2025-07-17 UTC+2

The Nasdaq 100 Index has the potential to weaken and fall to its nearest support level on Thursday, July 17, 2025.

Nasdaq 100 Index - Thursday, July 17, 2025 The #NDX price movement is below the EMA(20) and EMA(50), supported by the RSI(14) at a neutral bearish level. Therefore, the #NDX

Arief Makmur 08:47 2025-07-17 UTC+2

Expectations of a Stock Market Decline Through the Lens of the EUR/JPY Cross Rate

Historically, investor flight from the stock market has inevitably been reflected in a decline of the EUR/JPY pair, as it sums up the exit from risk currencies (such

Laurie Bailey 07:41 2025-07-17 UTC+2

Trading Signals for GOLD (XAU/USD) for July 17-21, 2025: buy above $3,329 (200 EMA - 5/8 Murray)

Gold is trading around 3,335, rebounding after reaching a low of 3,320 and a high of 3,377 yesterday during the American session. Gold experienced strong volatility following US President Donald

Dimitrios Zappas 05:58 2025-07-17 UTC+2

Trading Signals for BITCOIN for July 17-21, 2025: buy above 118,750 (200 EMA - 6/8 Murray)

If the Bitcoin price falls below the 5/8 Murray level at 115.625, the July 14 low, we could expect it to reach the 200 EMA, located around the psychological level

Dimitrios Zappas 05:56 2025-07-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.