19:06 UTC
Uptrend since Q1 2026, pressing prior high · RSI 64 · price 1.42534
Higher low in Aug at 1.3732; retest of June high above the 2025 range top.
USDCAD has been in an uptrend since the January 2026 low at 1.3481. The August higher low at 1.3732 held just below the 61.8% retracement, and price is now back at the June high near 1.4250, above both W1 EMAs, with the rising trendline off the April and August lows intact. The -68.3K Canadian jobs shock and a firm USD lifted the pair to an 18m high at 1.4262; the 1.4300 psych level sits overhead, the 2025 high at 1.4140 is the first support below, and RSI near 64 is short of overbought.
Support: 1.4140, 1.3955, 1.3732
Resistance: 1.4262, 1.4300
What it said to watch
- Weekly close above the 1.4300 psych level clears the 18m high and extends the uptrend beyond the June high
- Rejection at the 18m high followed by a weekly close below the 2025 high at 1.4140 would build a double top against the June high
- Loss of the 38.2% fib at 1.3955 and the rising trendline puts the Aug low at 1.3732 back in play
- US CPI on Wed Oct 14 and Macklem's speeches on Oct 14 and Oct 16 could materially shift this read