USD/CAD Rally Looks Stretched, But CAD Bears Eye AUD and GBP
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Forexcom
Monday, October 12, 2026 at 04:35 AM UTC

USD/CAD Rally Looks Stretched, But CAD Bears Eye AUD and GBP

Currency Pairs:💱 USD-CAD

The USD/CAD rally is showing signs of exhaustion after five consecutive weeks of Canadian dollar weakness, despite deteriorating employment data and fading BoC rate hike expectations. Rising speculative CAD longs also suggest some traders are positioning for a recovery.

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USD/CAD Rally Looks Stretched, But CAD Bears Eye AUD and GBP