USD/CAD Price Analysis: Bulls eye 1.3000 for the sessions ahead

USD/CAD bears seek a break of the 4H 61.8% ratio to the downside.
Bulls eye an extension towards 1.3000.

Ross J Burland FXStreet

As per the prior analysis, USD/CAD Price Analysis: Bulls could be about to clean up, and USD/CAD Price Analysis: Bulls seeking a break of 1.2790/00, whereby it stated that ''a resurgence in the greenback would be expected to see USD/CAD rally in due course, the price indeed moved higher as follows:

The following is an update of the prior analysis:

As illustrated, the price has rallied as anticipated but the bulls broke the neckline of the M-formation which sets up a bullish bias on the chart as shown above.

USD/CAD H4 chart

A break of the 61.8% ratio to the downside would be a significant move but while it holds, the bias is to the upside as per the chart above.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

GBP/USD tumbles to three-day lows around 1.3420

GBP/USD comes under extra selling pressure and revisits the area of multi-day lows near 1.3420 in quite a bearish start to the week. Cable’s decline comes amid the firmer Greenback as investors continue to assess developments in the US-Iran conflict. Moving forward, attention will turn to the UK employment report on Tuesday.

EUR/USD remains offered near 1.1400

EUR/USD trades on the back foot for the third day in a row and approaches the key 1.1400 threshold, or multi-day troughs, on Monday. The pair’s pullback comes amid persistent uncertainty surrounding the Middle East crisis and a solid performance of the US Dollar. Later this week, attention will turn to the ECB’s interest rate decision.

Gold stuck just above $4,000

Gold reverses Friday’s uptick, gyrating around the key $4,000 mark per troy ounce at the beginning of the week. Escalating military action in the Middle East provides some support to the safe-haven metal, although expectations of higher US interest rates bolster the US Dollar and keeps its under the microscope.

Ethereum remains fragile underneath the surface despite outperformance

Ethereum's outperformance over the past week shows it's gaining relative strength against other top cryptocurrencies, but under the surface, key metrics indicate its rise remains fragile. Between last week and Wednesday, ETH recorded double-digit gains, outperforming fellow crypto majors Bitcoin, XRP, and Solana, before the broader market began to correct on Thursday.

Ripple Price: XRP bears retail control despite increasing retail demand

Ripple (XRP) faces sustained selling pressure as bears maintain control on Monday. The remittance token has struggled to break above the $1.10 resistance since last Thursday, as risk sentiment weighs. Demand for XRP derivatives has gradually increased since last week, with the perpetual futures Open Interest (OI) averaging 2.4 billion XRP on Monday, up from 2.13 billion XRP the previous day.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.