USD/JPY trades at 159.359 after gaining 41 pips from Monday's open, with Tokyo inflation data and US GDP the key tests ahead.
USDCAD closed Wednesday at 1.38126, up 10 pips from Monday's 1.38023 open. The pair has traced a tight 26-pip range this week, touching 1.38208 as the high and 1.37944 as the low.
The dollar-loonie has drifted in a narrow band with no major catalysts from either currency. Wednesday's only notable move came after the PBOC set its USD/CNY reference rate higher than expected, reminding markets of broader dollar strength versus commodity currencies.
The economic calendar shows no high-impact releases for either USD or CAD through Friday. Without fresh data, USDCAD will likely track broader dollar flows and any shifts in oil prices. If crude pushes higher, the loonie could test support at 1.3794. If the dollar bid returns, 1.3821 becomes the obvious resistance.
Current positioning sits at 51% long and 49% short as of Wednesday morning. This near-perfect balance reflects the lack of conviction in either direction midweek, with traders waiting for clearer signals before committing to directional bets.
The pair hovers just below 1.3813, the midpoint of this week's range. If USDCAD can hold above 1.3810 into Thursday, the path to test Monday's high at 1.3820 opens up. A break below 1.3810 puts 1.3794 back in focus as the next obvious support.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa. Trade USDCAD with transparent STP/ECN execution at LHFX.
EUR/USD sits at 1.16379 after grinding sideways for three days, with positioning nearly balanced at 51.6% long.
LHFX bestaan uit die volgende entiteite:
LHFX is 'n handelsnaam van Longhorn Ltd, 'n Mauritiuse maatskappy gemagtig en gereguleer deur die Financial Services Commission Mauritius onder die Investment Dealer-lisensienommer GB23202204, Kode SEC-2.1B. Kantooradres: Suite 102, 1ste Verdieping, Sterling Tower, 14 Poudriere Street, Port-Louis, Mauritius. GBC-nommer C200455
LHFX SA (PTY) Ltd is 'n gemagtigde Finansiëlediensverskaffer ("FSP") geregistreer en gereguleer deur die Finansiële Sektor Gedragsowerheid ("FSCA") van Suid-Afrika onder lisensienommer 52816. Geregistreerde adres: 1 Hood Avenue Rosebank Johannesburg Gauteng 2196
Longhorn Ltd bied nie Fiat-wisselkursdienste of Kriptogeldwisselkursdienste aan nie.
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RISIKAWAARSKUWING
Margehandel in buitelandse valuta, virtuele bates of ander buite-beurs-produkte op marge dra 'n hoë vlak van risiko en is moontlik nie vir almal geskik nie. Ons adviseer u om noukeurig te oorweeg of handel vir u gepas is in die lig van u persoonlike omstandighede.
CFD's is komplekse instrumente en dra 'n hoë risiko van geldverlies as gevolg van hefboom. Oorweeg of u verstaan hoe CFD's werk en of u die hoë risiko van geldverlies kan bekostig.
Belasting mag betaalbaar wees op enige winste en u behoort onafhanklike advies oor u belastingposisie in te win.
