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FX.co ★ The Loonie is testing its Pivot Resistance. If it fails to break through, then it has the potential to continue the decline. Monday, September 01, 2025.

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Forex Analysis:::2025-09-01T08:13:25

The Loonie is testing its Pivot Resistance. If it fails to break through, then it has the potential to continue the decline. Monday, September 01, 2025.

[USD/CAD] – [Monday, September 01, 2025]

With the EMA(50) condition below the EMA(200) as well as the RSI at a neutral bearish levels, it has the potential to continue its decline today.

Key Levels

1. Resistance 2: 1.3801.

2. Resistance 1: 1.3772.

3. Pivot: 1.3748.

4. Support 1: 1.3719.

5. Support 2: 1.3695.

Tactical Scenario

Pressure Risk Zone: If the price breaks down and closes below 1.3719, the Loonie will continue its decline to 1.3719.

Momentum Extension Bias: If the 1.3719 level is successfully broken and closes below it, USD/CAD has the potential to weaken to 1.3666.

Invalidation Level / Bias Revision

Downside bias is maintained if the price strengthens and breaks through and closes above 1.3801.

Technical Summary

EMA(50): 1.3742.

EMA(200): 1.3779.

RSI(14): 47.13.

Economic News Release Agenda:

Neither Canada nor the United States will release any economic data today.

The Loonie is testing its Pivot Resistance. If it fails to break through, then it has the potential to continue the decline. Monday, September 01, 2025.

Analyst InstaForex
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