EURCAD Analysis: Support at 1.5425/1.5360, resistance at 1.5590/1.5715 [Video]
![EURCAD Analysis: Support at 1.5425/1.5360, resistance at 1.5590/1.5715 [Video]](https://editorial.fxstreet.com/images/Markets/Currencies/Crosses/EURCAD/forex-canadian-and-euro-currency-pair-with-calculator-4456301_XtraLarge.jpg)
How are markets reacting to a turn in the dollar? The chart of the day is Euro/Canadian dollar.
Author
Richard Perry
Independent Analyst
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The sudden bout of selling pressure on the US Dollar allows EUR/USD to leave behind the initial weakness and advance to two-day highs just above 1.1800 the figure on Friday. The pair’s jump comes as investors continue to assess the US Supreme Court ruling on Trump’s global tariffs.
GBP/USD picks up extra upside traction and reclaims the area above the 1.3500 hurdle at the end of the week. That said, Cable sets aside four daily pullbacks in a row, regaining some composure in response to the sudden bout of downside pressure hurting the Greenback.
Gold is extending its run higher for a third straight session on Friday, climbing to fresh multi day tops north of the key $5,000 mark per troy ounce. The move reflects ongoing geopolitical tensions in the Middle East, marginal gains in the Greenback and mixed US Treasury yields.
Bitcoin rises marginally, nearing the immediate resistance of $68,000 at the time of writing on Friday. Major altcoins, including Ethereum and Ripple, hold key support levels as bulls aim to maintain marginal intraday gains.
Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness.
XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.
