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USD/CAD

Bearish

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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