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Bearish
USD/CAD
Archived analysis from Aug 12, 2026, 8:32 PM
Break below 1.3918 overnight low confirms bearish trend; US CPI today is the binary pivot for near-term direction.
1.3900 hit — lowest since early June; CAD buoyed by strong jobs, weak US payrolls.
Main Risk
US CPI print – Aug 12
Hotter-than-expected CPI revives Fed hike bets, snaps CAD strength, spikes USDCAD above 1.40.
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