USDCAD Technicals:USDCAD was pulled higher by the USD, but higher oil is now pulling lower

USDCAD Technicals:USDCAD was pulled higher by the USD, but higher oil is now pulling lower

The USD/CAD is currently locked in a tug-of-war as technical support meets a sharp fundamental shift in energy markets. While broad US Dollar strength provided an early lift, the pair has encountered a significant “ceiling” that remains unbroken. The Fundamental Context: Oil vs. Greenback The primary catalyst for the recent reversal is a 7.3% surge

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Forex Market Forecast for March 2026

Forex Market Forecast for March 2026

Key Points Middle East Escalation: The killing of Iran’s Supreme Leader Ayatollah Khamenei has sent shockwaves and can be expected to elevate safe-haven demand and lift oil prices. This is a key macro driver, especially for the early part of the month. GBP Pressure: The pound faces continued headwinds as domestic political and economic uncertainty

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Risk Warning: 74-89% of retail investor accounts lose money when trading CFDs .