21:03 UTC
Uptrend, extended into overbought · RSI 66 · price 1.42064
Higher highs/higher lows since April base, mid-June breakout.
USDCAD is in a multi-month uptrend, holding above a rising EMA(50) since the April base near 1.3550 and breaking out mid-June to a 15-month high at 1.4248 on hawkish-Fed/dovish-BoC divergence and soft oil. Price has spent the last two weeks consolidating in the 1.4135–1.4248 band with RSI stretched, reflecting how far the move has run from fair value. A GDP beat (0.5%) briefly stalled the advance but the trend structure remains intact.
Support: 1.4135, 1.4100
Resistance: 1.42476, 1.4310
What it said to watch
- US NFP Thursday is the dominant near-term driver and could shift this read
- USMCA review headlines — a daily close above 1.4248 opens the 1.4310 barrier
- Daily close below 1.4135 breaks the rising support and the fair-value magnet