April 11, 2025 — The U.S. dollar weakened against the Canadian dollar in Thursday’s intraday trading, continuing its downward trajectory under the firm grip of a short-term bearish trend. The USD/CAD pair remains aligned with a descending trend line, reinforcing the negative sentiment prevailing in the market.
The continued decline is driven by persistent selling pressure, further exacerbated by the pair’s position below the 50-day Exponential Moving Average (EMA50), a key technical indicator often viewed as a measure of trend strength.
Earlier in the session, the pair showed a brief attempt to correct its oversold conditions, as indicated by the Relative Strength Index (RSI). The emergence of minor positive signals on the RSI hinted at a possible rebound. However, that attempt was short-lived, as the price swiftly resumed its downward move, underscoring the strength and continuity of the prevailing bearish outlook.
Market observers suggest that unless the pair can regain support above the EMA50 and generate sustained bullish momentum, downward pressure is likely to persist in the near term.
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