Imported headline
USD/CAD: One Trendline Away from Deciding the Next Move
Source
Action Forex - https://www.actionforex.com/contributors/technical-analysis/647018-usd-cad-one-trendline-away-from-deciding-the-next-move/
Summary
On the dollar side, Fed Chair Kevin Warsh has struck a firm tone, reaffirming the 2% inflation target and pushing back against political pressure to cut rates, while sticky PCE inflation near 4% keeps hike odds alive for September. Yet June payrolls came in softer and speculative USD positioning looks stretched, raising doubts on how much further the rally can extend.
Medium Impact
USDCAD
USD
US
USD/CAD: One Trendline Away from Deciding the Next Move
Published Jul 13, 2026 7:02 AM
Last refreshed Jul 18, 2026 6:58 AM
Source:
Action Forex
Event Time: Jul 13, 2026 7:02 AM