Canadian Dollar Technical Outlook: USD/CAD Multi-Timeframe Analysis
The Canadian dollar has weakened as dollar CAD rebounded more than 1.5% off its monthly low into a pivot zone where three time frames converge. Michael Boutros, StoneX Media Senior Market Analyst, walks through the weekly, daily and four hour structure in dollar CAD and maps the event risk sitting on top of it. The U.S. dollar has been catching a bid as rising prices fuel concerns about the inflationary outlook, even with markets pricing roughly two thirds odds of a Federal Reserve move on rates next month. The Bank of Canada rate decision and U.S. nonfarm payrolls land in the same week, and payrolls carries the most weight for Federal Reserve pricing after Jackson Hole.
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USD/CAD Key Economic Data Releases

Economic Calendar - latest economic developments and upcoming event risk.
Active Short-term Technical Charts
- Euro Short-term Outlook: EUR/USD Pullback Nears Pivotal Uptrend Support
- Canadian Dollar Short-term Outlook: USD/CAD Recovery Reaches Downtrend Resistance
- Australian Dollar Short-term Outlook: AUD/USD Breakout Extends to 10-Week Highs
--- Written by Michael Boutros, Sr Technical Strategist
Follow Michael on X @MBForex