USDCAD - Support of key average points higher

Alan Collins 3cAnalysis

Against a background of bullish signals for sentiment for this week yesterday began with selling pressure. That decline took USDCAD back to the 13 day mvg avg but, importantly, that point was not broken. The resulting rebound was not extensive but enough to create a mildly positive bias. So with these factors as a backdrop, this morning’s call is Buy at 1.2935 but leaving room to also buy a 1.2900 dip, yesterday's low. The risk is 1.2873, Thursday’s open, with upside targets of 1.2968, yesterday's top, 1.2985 and last Wednesday’s 1.3019 opening price.

Average Supports

Interested in USDCAD technicals? Check out the key levels

1. R3 1.3032
2. R2 1.2999
3. R1 1.2965
PP 1.2932
1. S1 1.2898
2. S2 1.2865
3. S3 1.2831

Author

Alan Collins

3cAnalysis

Alan has been involved in the financial markets for more than 30-years.

EUR/USD stays firm near 1.1800 amid USD retreat

EUR/USD rebounds after two days of losses, holding around 1.1800 in European trading on Tuesday. The pair benefits from a broad US Dollar retreat as markets weigh the partial government shutdown-led economic data disruption against the geopoltical de-escalation.

GBP/USD pares gains below 1.3700 as mood turns cautious

GBP/USD is consolidating its recent uptick to near 1.3710 in the European session on Tuesday. The Pound Sterling pares gains against the US Dollar as the market mood turns cautious. Meanwhile, traders resort to repositioning ahead of the Bank of England's first policy decision of 2026.

Gold recovers further from four-week low; retakes $4,900 amid a softer USD

Gold recovers further from its lowest level since January 6, touched the previous day, and retakes the $4,900 mark during the early European session on Tuesday. The US Dollar edges lower and moves away from an over one-week high, and assists the commodity to regain positive traction following a steep decline over the past two days.

Zilliqa rallies over 20% ahead of Cancun EVM upgrade

Zilliqa price is extending its gains, rallying over 20% to $0.006 on Tuesday after soaring nearly 34% the previous day. The upcoming Cancun upgrade this week is boosting investor sentiment, despite broader weakness in the crypto market. ZIL continues to attract strong buying interest, supported by rising trading activity and improving derivatives metrics.

Macro outlook improves despite the geopolitics

In the headlines, geopolitical have overshadowed an otherwise benign macro environment in early 2026. While market jitters around the US intervention in Venezuela and the sudden tariff threats over the control of Greenland faded quickly, the events have left a sense of unease of what might come next.

Zilliqa Price Forecast: ZIL rallies over 20% ahead of Cancun EVM upgrade

Zilliqa (ZIL) price is extending its gains, rallying over 20% to $0.006 on Tuesday after soaring nearly 34% the previous day. The upcoming Cancun upgrade this week is boosting investor sentiment, despite broader weakness in the crypto market.