AUDUSD and USDCAD: Key Trendlines Under Scrutiny as Dollar Weakens
As market sentiment shifts towards viewing the U.S. dollar as a sell-on-rallies, traders are observing key trendlines closely. Many are looking ahead to potential changes that may occur under a pro-Trump Federal Reserve chair. Factors such as fiscal policies, tariff-driven inflation, and unconventional methods like yield curve control are contributing to increased pressure on the dollar and Treasury yields. As this situation develops, market participants must remain vigilant.