The USDCAD is pushing to fresh lows as safe-haven demand for the U.S. dollar fades and rising oil prices provide a tailwind for the Canadian dollar. From a technical standpoint, the pair has broken below the prior low for the year, reaching 1.3574—its lowest level since early October 2024.
The drop took the price beneath a key swing area between 1.36038 and 1.36337, which includes last week’s swing low. Holding below this zone keeps the bearish momentum in play, and strengthens the sellers’ grip in the short term. A sustained break below could open the door toward the 1.3500 psychological level. The low price from September reached 1.34198.
The bias remains to the downside and the pair is now in the last extreme area going back to August to October 2024.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdcad breaks to 2025 lows as oil strength lifts the loonie was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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