“USD/CAD Price Testing Major Resistance Level – Market Analysis (30-10-2025)”

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“The USD/CAD pair recorded strong gains in its latest intraday session after finding support near 1.3890 — our previously expected target — and rebounding higher from that level. This rise was backed by positive signals appearing on the relative strength indicators following the pair’s movement into oversold territory.

Currently, the price is retesting the key resistance at 1.3940 amid the dominance of a bearish corrective trend and continued negative pressure from trading below the EMA50. These factors limit the potential for a sustained recovery in the near term, especially as the relative strength indicators approach overbought levels, suggesting a possible weakening of bullish momentum.”

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