FxAnalysis

USD/CAD hovered around 1.41 on Thursday, showing signs of short-term exhaustion with a likely pullback to 1.40 before potential bullish reentry amid trade volatility.

Ethereum continues to drift near $3,300 with weak momentum, as it remains dependent on Bitcoin’s direction, with downside risk toward $2,500 if $3,000 fails.

The British pound rallied on Thursday after the Bank of England paused rate hikes, but the broader downtrend persists with key resistance at 1.32 and support at 1.30.

The U.S. dollar failed to hold gains against the Mexican peso, resuming its broader downtrend as traders eye 18.20 as a potential target in the coming weeks.

Gold is looking to find a strong foothold above the $4,000 threshold early Friday, with buyers returning in tandem with safe-haven flows.

EUR/USD extends its rebound beyond 1.1500 the figure on Thursday, building on the previous day’s recovery and putting further distance from recent lows around 1.1470.