USDCAD technicals
USDCAD has experienced choppy price action today, with support holding above the 50% retracement level of thethe move up from the February 2025 low at 1.4345.
On the upside, resistance remains firm between the 100-hour and 200-hour moving averages (1.4387–1.4403). A breakout above these MAs would shift the bias higher, while staying below keeps sellers in control with the 50% at 1.4345 the downside target.
US Commerce Sec. Lutnick said in a Fox News area today that Mexico and UK have been pragmatic and thoughtful about tariffs. The EU and Canada have not.
For what it is worth, Trump on Truth Social quoting Grant Cardone from Cardone Capital :
That may be true, but steel and aluminum, and lumber is nice.
I do think that Lutnick does meet with Canada officials today.
