- November 21, 2025
- Posted by: EWGFX
- Category: Technical analysis
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SDCAD: Bullish Momentum Strengthens Following NFP Release
Yesterday, after the US reported a rise in NPF data, USDCAD made a strong break through an area near 1.4060 that had held the price back for several weeks.
Comments from the FOMC minutes that they may not cut interest rates at the December meeting are increasing the chances that USDCAD will continue this bullish momentum.
The first target is expected near 1.4135 and a break above this area should push the price towards the other targets of 1.4200 and 1.4250.