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fxJun 18, 2026, 1:09 PM

USD/CAD Range-Bound Bias Outlined by National Bank of Canada

National Bank of Canada discusses USD/CAD, noting recent moves and expectations for the pair. The report highlights key support and resistance levels and outlines scenarios for a potential breakout.

USDCAD

National Bank of Canada (NBC) has released a report on USD/CAD, detailing a range-bound trading bias for the pair. The bank notes recent price action and outlines its expectations going forward.

Key support and resistance levels are highlighted, along with scenarios under which USD/CAD could break out of its current range. Traders are watching these levels closely for directional cues.

The analysis provides a framework for potential moves, but emphasizes the pair's current lack of clear directional momentum.

Source: FXStreet Forex News