USDCAD currency pair has been steadily increasing in recent days. In fact, the demand side had an advantage for a week and, counting from the local lows, the upward move reached the value of almost 300 pips. Nevertheless, looking at the M30 interval, we observe a correction and an attempt to negate a significant support zone at 1.2550. This area is marked with previous price reactions and the lower limit of the 1:1 structure and acts as akey support in the short term. As long as the price sits above it, a move towards yesterday's highs is possible. On the other hand, break below the aforementioned support may lead to a sharper sell-off towards the next demand zone around 1.2445. It is also worth mentioning that the CAD will be affected by today's Canadian labor market data, which will be announced at 1:30 pm BST.
USDCAD interval M30. Source: xStation5
Daily summary: Alphabet shares support sentiments on Wall Street 🗽Oil, precious metals and crypto slide
Morning wrap (07.01.2026)
BREAKING: EURUSD muted; US services growth cools in December as demand softens 📌
Barkin and Miran remain on opposite sides of the Fed policy path🎙️