USD/CAD Tests 1.4000 After Breaking Below 50-Day EMA

FXStreet··Read original
2▲0 ▼1Impact / 5
Summary · why it matters

USD/CAD extended its losses for a second straight day, trading around 1.4010 during Asian hours on Monday. The pair is moving downward within a descending channel on the daily chart, signaling an ongoing bearish bias.

Impact on assets 1

Others▼ · 1 stocks
💱US Dollar/Canadian Dollar FX Spot Rate
USDCAD
▼ NegativeMonetaryrelevance

The article describes USD/CAD breaking below the 50-day EMA and trading within a descending channel, indicating bearish bias for the pair, likely driven by monetary or macro factors.

© 2026 MarketIVNews