Post #4088

🔻 USD/CAD Bearish Outlook – August 6, 2025 We’re currently seeing a clear break of structure on the H2 chart as price fails to hold the ascending trendline. The recent rejection near the 1.3800 zone reinforces bearish sentiment. Technical Insight: • Strong resistance remains around 1.3773–1.3800 • A lower high and lower low structure is forming • Break below the support zone near 1.3720 signals continuation toward 1.3580 and potentially lower Fundamental Drivers: • The Bank of Canada kept interest rates unchanged at 2.75% amid soft economic data and slowing GDP • Meanwhile, the US Federal Reserve has taken a more cautious stance on rate cuts, creating divergence • Rising trade tensions due to US tariffs on Canadian goods (steel, aluminum, and softwood lumber) add pressure on Canada’s export sector • Canada’s PMI shows signs of improvement, but remains below 50, indicating weak business conditions Let me know if you want to add a CTA (Call to Action) for joining your channel or getting trade alerts.