19:02 UTC
Downtrend resolved into range · RSI 57 · price 1.39401
Range-bound, upper half.
USDCAD topped at 1.4793 in Feb 2025 and ground lower through the year into a 1.348 low in Jan 2026; since then the pair has been range-bound between roughly 1.355 and the 1.40 psych level. Price now sits at 1.394 in the upper half of that range and holds above the rising W1 EMA(50), with the recent leg up retracing into the 38.2% fib of the 2025 downmove. The CAD jobs blowout and US data flow are near-term drivers, but they don't yet alter the multi-quarter range regime.
Support: 1.34812
Resistance: 1.4000, 1.41403
What it said to watch
- BoC decision and US CPI on Jun 10 are the next macro catalysts for this pair
- Weekly close above 1.40 psych opens the path toward the 1.414 prior high
- Failure to hold 1.358 range low reopens the 1.348 2026 low