USDCAD(20250808)Today's Analysis

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Market News:
① Trump nominated Stephen Milan, Chairman of the White House Council of Economic Advisers, to serve on the Federal Reserve Board, with a term ending January 31, 2026.
② Waller is reportedly a leading candidate for the next Fed Chair.
③ U.S. Treasury Secretary Bensont stated that the interview process for the Fed Chair has begun.
④ Bostic stated that the July jobs report did change the Fed's outlook on its employment goals.

Technical Analysis:
Today's Buy/Sell Levels:
1.3746

Support and Resistance Levels:
1.3798
1.3778
1.3766
1.3726
1.3713
1.3694

Trading Strategy:
If the price breaks above 1.3746, consider a buy entry, with the first target price being 1.3766. If the price breaks below 1.3726, consider a sell entry, with the first target price being 1.3713.

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