USDCAD Technicals: Recovery stalls at key resistance zone after bounce from yearly low ...Middle East

Today, the pair is probing the 1.37498–1.37724 swing zone, which had acted as prior support. A sustained move above this area would shift short-term momentum more favorably for buyers. The next upside targets include:

The 38.2% retracement and swing zone between 1.3809 and 1.3814

Key Levels:

Resistance: 1.3772 (high swing zone), 1.3792 (falling 100-hour MA), 1.3814 (38.2% retracement)

Adam Button spoke on the USDCAD in an interview yesterday on BNN Bloomberg TV.

www.forexlive.com/news/adam-button-spoke-on-bnn-bloomberg-making-a-bullish-case-for-the-canadian-dollar-20250527/

This article was written by Greg Michalowski at www.forexlive.com.

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