USD CAD

The Australian and Canadian dollar came under further pressure on the eve of Trump's liberation day, seeing AUD/USD fall as much as -1.3% and USD/CAD rise 0.7%. And the relative underperformance of the two could bode well for AUD/CAD bears, which is displaying several clues on the higher timeframes that it could be headed lower.

April has historically been the strongest month for GBP/USD, with the pair seeing an average gain of +0.66% since 1971. See the forex market's other seasonal tendencies!

Another key date for Trump tariffs comes into play next week after the Q2 open, with April 2nd being called ‘Liberation Day’ for the United States.

The ongoing shift in US trade policy may spark increased volatility in USD/CAD as President Donald Trump plans to impose reciprocal as well as auto tariffs on April 2.

USD/CAD has been showing neutral price action in the short term. Over the last five sessions, price fluctuations have barely reached a 0.5% variation, as the pair continues hovering around a key barrier near the 1.43289 level.

The Canadian Dollar remains a focal point in tariff talks, and USD/CAD has a bull pennant formation while CAD/JPY has shown recovery potential and EUR/CAD a pullback following a strong breakout.

USD/CAD may face increased volatility with the US on track to deploy reciprocal tariffs on April 2.

EURUSD, USDCAD Forecast: DXY's bearish momentum found key support, pushing EURUSD and USDCAD to critical levels ahead of potential long-term reversals.

USD/CAD has reversed off yesterday’s highs to trade back in the middle of its late-December through January range in the 1.4300-1.4500 zone on the BOC rate cut and latest tariff headlines.

USD/CAD, Bitcoin Forecast: The Bank of Canada (BOC) faces a critical rate decision today amid tariff and inflation threats from the U.S., weakening the Canadian dollar and dampening risk appetite across U.S. indices and Bitcoin.

Implied volatility for USD/CAD is slightly elevated over the next 24-hours, due to a Bank of Canada (BOC) rate decision and CPI figures from the US. But it could have been higher were it not for Canada bowing to Trump's threats over tariffs.

USD/CAD further retrace the decline from earlier this month as the Bank of Canada (BoC) is expected to deliver another 25bp rate-cut.

The upcoming US CPI data and ongoing trade war developments are expected to be the key drivers of market movements this week. Chinese deflation risks further fuel concerns about a global decline in economic confidence.

The USD/CAD started rising sharply on the back of Trump’s imposition of tariffs on Canada and Mexico, before falling back equally sharply this week when the US President significantly expanded the goods exempted from his new tariffs that were only imposed two days earlier. Then, today, we had jobs data from both North American nations causing even more volatility for the pair. If you think that was enough, the week ahead promising to further impact the USD/CAD forecast, with key US data and a rate decision by the Bank of Canada to come.

EURUSD, USDCAD Outlook: The upcoming non-farm payrolls report and Fed Chair Powell’s speech today are keeping markets on edge, poised to either confirm the steep trends or trigger a reversal at the weekly close

USD/CAD was rejected at 1.4500 this week and now that there’s another potential delay in U.S. and Canada tariffs, USD/CAD is primed for larger pullback potential.

The USD/CAD has maintained a steady upward movement, accumulating an appreciation of over 1.5% in the last six trading sessions in favor of the U.S. dollar.