USD/CAD Eyes Formation of Higher Low – Analysis (16 Oct 2025)

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USDCAD declined in its latest intraday session, pressured by prevailing bearish signals from the relative strength indicators. However, the pair is attempting to form a higher low, which could help build the bullish momentum needed for a recovery. Trading above the EMA50 continues to provide positive support, strengthening the chances of a near-term rebound, especially given the dominance of the main short-term bullish trend and its alignment with the trendline.

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