USD/CAD(20260706)Today's Analysis

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USD/CAD(20260706)Today's AnalysisUSD/CADOANDA:USDCADRuijinCatMarket News: The World Gold Council predicts that gold prices will hover around $4,100 this year under its baseline scenario. State Street Bank expects gold prices to rise to $5,000/ounce by early 2027. Royal Bank of Canada believes that a drop in gold prices to $4,000/ounce or below will attract more buying. CICC believes that the current gold market's pricing in interest rate hike expectations may be excessive. An OMFIF survey shows that global central banks plan for the first time to net reduce their holdings of dollar assets and increase their gold holdings. Technical Analysis: Today's Buy/Sell Threshold: 1.4190 Support and Resistance Levels: 1.4240 1.4221 1.4209 1.4170 1.4158 1.4139 Trading Strategy: A break above 1.4209 suggests a buy entry, with a first target price of 1.4221. A break below 1.4190 suggests a sell entry, with a first target price of 1.4170.