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Technical Analysis Posted 3 hours ago

USD Reversal After Strong NFP: AUD/USD and USD/CAD Test Key Levels

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Despite a significantly stronger-than-expected NFP report—162,000 jobs added versus 56,000 forecast, with unemployment holding at 4.1%—the US dollar failed to sustain its initial sharp rally. AUD/USD and USD/CAD are now testing critical technical levels following the post-data reversal. Traders should monitor whether support and resistance hold as the dollar's inability to build on fundamentally positive data signals potential bearish divergence.
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30 minutes ago

USD/CAD: Neutral Bias as Downtrend Eyes 1.3730 Support

USD/CAD remains in a downtrend from the 1.4247 high, with intraday bias neutral. Key support sits at 1.3730; a break below targets 1.3480. Conversely, a firm break above 1.3927 would trigger a bullish reversal. Price action suggests consolidation before the next directional move.

https://www.actionforex.com/technical-outlook/usdcad-outlook/653500-usd-cad-daily-outlook-2473/
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