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Technical Analysis Posted 15 hours ago

USD/CAD: Pullback Seen as Correction, 1.3965 Key Support

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USD/CAD pullback from 1.4247 is correcting the uptrend from 1.3480. Key support at 1.3965 (38.2% retracement) should contain downside and trigger rebound. Above 1.4159 resistance targets retest of 1.4247 high, with firm break aiming higher. Current bias remains bullish on technical structure.
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5 hours ago

US imposes 50% tariff on Canadian products August 19

The White House announced a 50% additional tariff on specific Canadian products, effective 12:01 a.m. ET August 19, 2026. This escalates US-Canada trade tensions and directly impacts USD/CAD, weakening the Canadian dollar as tariff risk reprices currency valuations amid broader trade friction.

https://x.com/financialjuice/status/2079311048264303097
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https://www.cnbc.com/2026/07/20/trump-tariffs-canada-trade.html
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