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Message: [QUOTE="Resolve, post: 240225, member: 29339"] [B][SIZE=5]The Dollar Resumes Its Rally After a Correction[/SIZE][/B] [img]https://i.imgur.com/PXwjEVr.jpeg[/img] At the start of the current trading week, there was a sharp pullback in major currency pairs. GBP/USD climbed to 1.2580, EUR/USD tested 1.0400 as resistance, and USD/CAD temporarily dropped below 1.4200. However, dollar sellers failed to fully capitalise on this movement, and the pairs have so far been unable to maintain their recent levels. [B]USD/CAD[/B] The USD/CAD rally observed since mid-September paused following another test of the 1.4470 level. On the daily timeframe, a reversal pattern, the “double top,” was formed, and its partial completion concluded after the pair dropped to 1.4280. Currently, the pair is trading above 1.4350. With the right fundamental catalyst, the price could retest the 1.4470–1.4450 range. Conversely, if USD/CAD falls below the recent low of 1.4270, a further decline toward the 1.4200–1.4170 range may follow. Key events that could influence USD/CAD dynamics today include: 16:30 (GMT+2): Average hourly earnings in the US 16:30: US non-farm payrolls 16:30: Canadian unemployment rate 16:30: Canadian employment change [img]https://i.imgur.com/bT7EcqT.png[/img] [B][URL="https://fxopen.com/blog/en/ru-the-dollar-resumes-its-rally-after-a-correction/?utm_source=earnforexforum&utm_medium=analysis&utm_campaign=resolve"]TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I] [/QUOTE]

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