USDCAD Gears Up to Test Key Resistance Level – Market Analysis – October 7, 2025

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“USDCAD gained in its most recent intraday session, supported by the 50-day EMA, which helped build bullish momentum driving the recent advance. The pair is now preparing to challenge the critical and stubborn resistance level at 1.3955. This movement is occurring amid a dominant short-term bullish trend, with price action tracking along a supportive trendline. Additionally, relative strength indicators show oversold conditions that appear exaggerated relative to the price movement, signaling a weakening of bearish momentum and suggesting a potential recovery in the coming sessions.”

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