USD/CAD ground to fresh YTD highs near 1.4024 into Thursday's NY session before stalling at the 1.4000 figure; soft oil and a hot US PPI print underpinned the bid. Since then price has consolidated in a 1.3953–1.4000 band, holding above EMA(20) with RSI(14) cycling mid-range. The psych level has capped the recovery off Wednesday's 1.3953 pullback low.
Support: 1.3979, 1.3953, 1.3900
Resistance: 1.4000, 1.4024
What it said to watch
H1 close above 1.4000 reopens the path to the 1.4024 week high
Failure to hold 1.3953 swing low confirms a deeper pullback toward the 1.3900 weekly low
Retail Sales then FOMC Jun 17 could materially shift this read
USDCAD drove to a fresh YTD high near 1.40235 after Wednesday's BoC hold and a hot US PPI print, then was rejected at the 1.40 psych line and pulled back to consolidate around 1.398. Price holds above EMA20 and EMA50 with higher lows intact since the 1.38989 base, but the round 1.40000 figure has capped the latest NY-session push. RSI(14) sits mid-range, reflecting the stall rather than fresh momentum.
Support: 1.3953, 1.3915
Resistance: 1.4000, 1.40235
What it said to watch
H1 close above 1.40000 opens the path back to the 1.40235 week high
Loss of 1.3953 swing low confirms a lower-low and softens the uptrend
FOMC and US Retail Sales Jun 17 could materially shift this read
Higher highs into 1.4023, now consolidating below 1.4000.
USDCAD drove to a fresh multi-month high at 1.4023 into the NY session as a hot US PPI print and a dovish-leaning BoC hold weighed on the Loonie. The move has since stalled, with the pair retracing toward the 38.2% area near 1.3976 and now coiling between 1.3953 and the 1.4000 psych level. Price sits on EMA(20) with RSI(14) cooling back to the mid-50s after the impulse.
Support: 1.3953, 1.3900
Resistance: 1.4000, 1.40235
What it said to watch
H1 close above 1.4000 opens the path back to the 1.4023 high
Failure to hold 1.3953 confirms a deeper pullback toward the 1.3900 weekly low
US Retail Sales and FOMC Jun 17 are the next material risk events for this read
USDCAD ground higher through the week, with the dominant leg firing in the NY session Thursday as a hot US PPI print and a dovish-leaning BoC hold drove the pair to a fresh high at 1.40235. Price has since stalled and is consolidating in the 1.3960–1.3990 band, holding above EMA(20) with RSI(14) cycling around the mid-50s. The 1.4000 round number and 1.40235 week high cap the topside, while demand has stepped in twice around 1.3953.
Support: 1.3953, 1.3922, 1.3899
Resistance: 1.4000, 1.40235
What it said to watch
H1 close above 1.40235 reopens the 1.40-1.41 congestion zone
Failure to hold 1.39530 confirms a lower-low and softens the uptrend read
Retail Sales + FOMC Jun 17 could materially shift this read
USDCAD pushed to a fresh multi-month high at 1.4023 in the NY session as a hot US PPI print and an intraday oil slump weighed on the Loonie, then was rejected and pulled back to 1.3953 before stabilising. Price holds above EMA20 and EMA50 with RSI cycling in the mid-50s, keeping the week's uptrend intact while consolidating below the 1.40 round number. The 1.3990 session high and 1.4002 area now cap the recovery.
Support: 1.3953, 1.3930, 1.3899
Resistance: 1.3990, 1.4002, 1.40235
What it said to watch
Reclaim of 1.4002 reopens the path to the 1.4023 week high
Loss of 1.3953 pullback low exposes the 1.3930 weekly low
US-Iran de-escalation headlines could drain safe-haven USD bid and shift this read
Pullback from week high, consolidating sub-1.4000.
USDCAD rallied off the 1.3899 midweek low to a fresh multi-month high at 1.4023 through Thursday's NY hours, propelled by the hot US PPI print and the BoC's dovish-leaning hold. The move stalled below 1.4000 and price has since slipped back to consolidate around 1.3972, sitting just under EMA(20) but holding above EMA(50). Supply capped two attempts at the 1.4000 handle with RSI cooling back toward neutral.
Support: 1.39587, 1.3950, 1.3900
Resistance: 1.3990, 1.40235
What it said to watch
Hourly close above 1.39900 reopens the path to the 1.40235 week high
Failure to hold 1.39587 exposes the 1.39500 swing low and the 1.39000 weekly low
FOMC dot plot and US Retail Sales (Jun 17) are dominant catalysts that could reset this read
Higher highs into week peak, now consolidating below 1.4000.
USDCAD ran to a 1.40235 week high during NY hours yesterday after hot US PPI reinforced higher-for-longer Fed pricing and a dovish-leaning BoC hold weighed on CAD. Since the peak the pair has consolidated in the upper 1.39s, slipping back under EMA20 with RSI(14) cooling toward the mid-40s. The 1.4000 psych level has capped the latest push, while demand near 1.3959 has held the pullback so far.
Support: 1.39587, 1.3953, 1.3900
Resistance: 1.4000, 1.40235, 1.3996
What it said to watch
H1 close above 1.40000 reopens the 1.40235 week high
Loss of 1.39587 confirms a lower low and a deeper pullback toward 1.3900
FOMC dot plot (Jun 17, 18:00 UTC) and US Retail Sales are the dominant near-term catalysts
16:02 UTC
Uptrend stalling, pullback in play · RSI 44 · price 1.39686
Off the week high, ranging below 1.3990.
USDCAD pushed to a fresh week high at 1.4023 mid-week as a hot US PPI print and the dovish-leaning BoC hold drove the move, then faded back under 1.3990 through the NY session. Price now sits below EMA(20) with RSI(14) cycling in the mid-40s, and the rally has rolled into a series of lower highs from the 1.4023 peak. Demand at the 1.3953 area has held the pullback so far.
Support: 1.3953, 1.39154, 1.3900
Resistance: 1.3990, 1.4000, 1.40235
What it said to watch
H1 close below 1.3953 confirms a lower low, opening 1.3900 weekly low
Reclaim of 1.3990/1.4000 reopens the 1.4023 week high
Wed Retail Sales and FOMC dot-plot could materially shift this read
USDCAD pushed to a fresh multi-month high at 1.4023 into the NY session as a hot US PPI print and the dovish-leaning BoC hold weighed on CAD, then faded and has been capped under 1.3990 since. Price has now slipped below EMA20 toward the 1.3953 swing low, with RSU(14) cooling into the mid-40s as the pullback develops.
Support: 1.3953, 1.39154, 1.38989
Resistance: 1.3990, 1.40235
What it said to watch
H1 close below 1.3953 confirms a lower-low and extends the pullback toward 1.3915
Reclaim of 1.3990 reopens the 1.4023 week high
FOMC dot plot Jun 17 18:00 UTC is the dominant USD catalyst and could reshape this read
15:02 UTC
Uptrend, momentum slowing · RSI 46 · price 1.3967
Pullback from week high, lower high forming.
USDCAD pushed to a fresh week high near 1.4023 in the NY session yesterday after the hot US PPI print reinforced higher-for-longer Fed pricing, then faded back below EMA(20) to the mid-1.39s. RSI(14) has rolled off into the mid-40s as the rally stalls below 1.4000, and price is now coiling around the 1.3953 weekly open with the week's up-move roughly half retraced. Demand stepped in twice near 1.3953 this week.
Support: 1.3953, 1.3900
Resistance: 1.4000, 1.4023
What it said to watch
H1 close above 1.4000 reopens the path to the 1.4023 week high
Failure to hold 1.3953 weekly open exposes the 1.3900 weekly low
FOMC rate projections Jun 17 18:00 UTC could materially shift this read
USDCAD ground higher through the NY session mid-week, tagging a fresh week high at 1.40235 as hot US PPI underpinned the dollar and a dovish BoC hold left CAD offered. Price has since drifted back into a tight band around 1.3980, holding above EMA(20) with RSI(14) easing from its highs toward the mid-50s. The 1.4000 round number is capping for now, with the 1.3953 swing low marking the base of this week's range.
Support: 1.3953, 1.3930
Resistance: 1.4000, 1.40235
What it said to watch
Michigan Sentiment + inflation expectations at 14:00 UTC could materially shift this read
H1 close above 1.40235 reopens the path higher
Failure to hold 1.3953 confirms a lower-low and breaks the rising structure
USD/CAD drove to a week high of 1.4023 in the NY session yesterday after the hot US PPI print reinforced the higher-for-longer Fed read, then faded into 1.3953 before steadying around 1.398. Price is now consolidating just under the 1.40 figure, pinned to EMA(20) with RSI(14) back to mid-range after the rejection. The broader week structure is higher lows off the 1.3900 base.
Support: 1.3953, 1.3930, 1.3900
Resistance: 1.4000, 1.4023
What it said to watch
Michigan sentiment at 14:00 UTC could materially shift this read
H1 close above 1.4023 reopens the path higher
Failure to hold 1.3953 exposes the 1.3930 pivot
13:03 UTC
Uptrend, momentum cooling off the high · RSI 56 · price 1.39838
Higher highs and higher lows since mid-week low.
USDCAD pressed to fresh YTD highs near 1.4023 in the NY session as hot US PPI underpinned the higher-for-longer USD bid, then saw a sharp rejection back to 1.3953. Price has since recovered to 1.3984 and holds above EMA20 and EMA50, with RSI cycling in the mid-50s. The 1.4000 psych level and the 1.4023 week high cap the topside while pullbacks have been bought above the EMA20.
Support: 1.3953, 1.39186, 1.3975
Resistance: 1.4000, 1.40235
What it said to watch
H1 close above 1.40235 reopens the path higher into 1.41 congestion
Failure to hold 1.3953 swing low exposes the 1.39186 weekly low
Michigan Sentiment at 14:00 UTC could shift the USD read
Higher highs into 1.40 congestion, range top capping.
USDCAD pressed fresh YTD highs near 1.4024 in the NY session yesterday after hot US PPI reinforced higher-for-longer Fed pricing and kept CAD on the back foot. Price has since rejected the 1.40 round number and is consolidating around 1.3984, holding above EMA(20) with RSI(14) cooling off the highs. The 1.3953 swing low has contained the pullbacks so far this week.
Support: 1.3953, 1.39154, 1.3900
Resistance: 1.40003, 1.40235
What it said to watch
Michigan Consumer Sentiment + UoM inflation expectations at 14:00 UTC could materially shift this read
H1 close above 1.40003 reopens the path to the 1.40235 week high
Failure to hold 1.3953 exposes the 1.39154 week low and 1.3900 pivot
USDCAD pushed to a fresh week high near 1.4024 into NY hours yesterday as hot US PPI reinforced the higher-for-longer Fed read while a dovish BoC kept CAD on the back foot. The pair faded to the 1.3953 swing low before recovering, and is now consolidating around 1.398 just under the week high, holding above EMA(20). RSI(14) has cooled back to the mid-50s after the impulse.
Support: 1.3953, 1.3915, 1.38989
Resistance: 1.40235, 1.4016
What it said to watch
Hourly close above 1.40235 reopens the path higher
Failure to hold 1.39530 confirms a lower-low and shifts the read
US Michigan sentiment at 14:00 UTC could materially move USD this session
USDCAD has ground higher since Wednesday's flush into 1.3899, rebuilding the long after the dovish BoC hold and hot US PPI lifted the dollar. The pair tagged a fresh week high at 1.40235 before fading to 1.398, and is now retesting the 1.40 psych level while holding above EMA20. RSI sits mid-50s, consistent with the slowing grind rather than a fresh impulse.
Support: 1.3978, 1.3953, 1.38989
Resistance: 1.4000, 1.40235
What it said to watch
US Michigan sentiment at 14:00 UTC could materially shift this read
H1 close above 1.40235 opens the path back toward 1.41 congestion
Failure to hold 1.3953 confirms a lower-low and breaks the higher-low sequence
USDCAD pushed to a fresh week high at 1.40235 on Thursday after hot US PPI and the dovish BoC hold, then faded into the 1.39530 swing low before reclaiming ground. Price now consolidates around 1.3985, holding above EMA(20) and EMA(50) but capped under the 1.40000 round number, with RSI(14) cycling in the mid-50s as momentum cools.
Support: 1.3953, 1.3919
Resistance: 1.4000, 1.40235
What it said to watch
US Michigan sentiment + UoM inflation expectations 14:00 UTC could materially shift this read
H1 close above 1.40000 reopens the path to the 1.40235 week high
Failure to hold 1.39530 confirms a lower low and shifts the consolidation lower
USDCAD pushed to a fresh week high at 1.4023 during the NY session as the hot US PPI print firmed the dollar and softer oil pressured CAD, then faded to 1.3953 before grinding back toward 1.399. Price holds above both EMA20 and EMA50 with RSI cycling in the mid-50s on the pullback. The 1.40/1.4023 congestion has capped the recent advance, with demand stepping in around 1.3953.
Support: 1.3953, 1.3978, 1.3920
Resistance: 1.4023, 1.4000
What it said to watch
H1 close above 1.4023 opens the path back toward the week high extension
Failure to hold 1.3953 confirms a lower-low and challenges the EMA20
US Michigan sentiment / inflation expectations at 14:00 UTC could shift this read
Higher lows since Tuesday dip, capped below 1.4023.
USDCAD ran to a fresh weekly high at 1.40235 during NY hours yesterday on hot US PPI before being rejected and pulling back to 1.3953. Price has since rebuilt above EMA20 and is grinding back toward the 1.4000 round number, holding a higher-low sequence off the Tuesday dip at 1.38989. RSI(14) cycling mid-range around 57 — the run is intact but 1.40-1.4023 has so far capped follow-through.
Support: 1.3953, 1.3920, 1.3900
Resistance: 1.4000, 1.40235
What it said to watch
Hourly close above 1.40235 opens the path into the 1.40-1.41 congestion
Failure to hold 1.39530 breaks the week's higher-low sequence
US Michigan sentiment at 14:00 UTC could shift the USD-driven read
Higher highs into YTD peak, pullback holding higher low.
USDCAD drove to fresh YTD highs near 1.40235 through the NY session on hot US PPI and a dovish BoC hold, then pulled back to 1.39530 before grinding back toward 1.398. Price holds above EMA(20) with RSI(14) cycling in the 50s; the 1.40000 psych level and 1.40235 week high have capped the advance.
Support: 1.3953, 1.39416, 1.3920
Resistance: 1.4000, 1.40235
What it said to watch
H1 close above 1.40235 extends the YTD-high breakout
Failure to hold 1.39530 confirms a lower-low and breaks the higher-low sequence
US Michigan sentiment + inflation expectations at 14:00 UTC could shift the USD read
Higher highs into fresh YTD high, shallow pullback held.
USD/CAD ground to a fresh YTD high near 1.4024 midweek on hot US PPI and soft CAD data after the BoC hold, then pulled back to 1.3953 before recovering through the NY session. Price sits back above EMA(20) with RSI(14) cycling in the mid-50s, leaving the higher-low structure intact. The 1.4000 psych and 1.4024 high cap the upside, while the 1.3953 swing low marks the floor of the pullback.
Support: 1.3975, 1.3953, 1.3915
Resistance: 1.4000, 1.4024
What it said to watch
H1 close above 1.4024 opens the path to the 1.40-1.41 congestion
Failure to hold 1.3953 breaks the higher-low structure
Michigan sentiment + UoM inflation expectations at 14:00 UTC could shift this read
Higher highs into YTD peak, shallow pullback held.
USDCAD ground to fresh YTD highs near 1.4024 across this week's NY sessions on a dovish-leaning BoC hold and softer oil, with hot US PPI keeping the USD firm. The pullback off the high found demand around 1.3953 and price is now back above EMA(20), holding the round-number 1.4000 area as the pivot. RSI(14) is cycling mid-range, lagging the price highs.
Support: 1.3953, 1.3973, 1.39464
Resistance: 1.4000, 1.40235
What it said to watch
Hourly close above 1.40235 reopens the path toward 1.41 congestion
Failure to hold 1.3953 confirms a lower-low and breaks the week's higher-low structure
Michigan sentiment + UoM inflation expectations at 14:00 UTC could shift the USD read
USDCAD pushed to a fresh YTD high at 1.40235 in the prior NY session before fading to 1.39530, then recovering back above EMA20 and EMA50 into the Asia session. The grind higher tracks a softer Loonie after the dovish-leaning BoC hold and weaker Oil, while a firm USD on hot PPI keeps the bid intact. Price now coils just under the 1.40000 round number with RSI cycling in the mid-50s.
Support: 1.3953, 1.38989
Resistance: 1.4000, 1.40235
What it said to watch
H1 close above 1.40235 opens the path toward the 1.40-1.41 area
Failure to hold 1.39530 confirms a lower-low and threatens the week low at 1.38989
Michigan Sentiment at 14:00 UTC could materially shift this read
08:01 UTC
Uptrend, pulling back into the move · RSI 61 · price 1.39868
Higher highs into 1.4024, recovering off 1.3953 low.
USD/CAD broke to a fresh YTD high at 1.4024 mid-week on hot US PPI and a dovish-leaning BoC hold, then faded to 1.3953 before NY hours bought it back toward 1.3990. Price sits above EMA20 and EMA50 with RSI cycling near 60, and the 1.4000 round number is capping the recovery just below the week high.
Support: 1.3973, 1.3953, 1.3899
Resistance: 1.4000, 1.40235
What it said to watch
H1 close above 1.40235 opens the path back toward fresh highs
Failure to hold 1.39530 confirms a lower low and breaks the rising support line
Michigan Sentiment at 14:00 UTC could materially shift the USD read
USDCAD pushed to a fresh YTD high at 1.40235 yesterday on the dovish-BoC-plus-soft-oil mix before supply capped it and price slid back toward 1.3953. Since then it has consolidated in the 1.3955-1.3985 band, holding above EMA(20) with RSI(14) cycling back to neutral around 53. The 1.40 round number and 1.40235 high remain the levels capping this week's advance.
Support: 1.3953, 1.39154, 1.38989
Resistance: 1.4005, 1.40235
What it said to watch
H1 close above 1.40235 resumes the uptrend toward the 1.40-1.41 congestion
Failure to hold 1.39530 opens the path back to 1.39154
Michigan sentiment 14:00 UTC could shift the USD read this session
Higher highs into 1.4020, pullback holding above EMAs.
USDCAD pushed to fresh weekly highs at 1.4023 during Wednesday's NY session on a firm USD and Oil-led CAD weakness, then pulled back into the 1.3960 area before stabilising. Price has held above EMA(20) and EMA(50) since the lift off 1.3915, with RSI(14) cooling to mid-50s as the higher high failed to follow through — momentum is flattening near the top of the range. The 1.40-1.41 congestion remains the structural ceiling this week.
Support: 1.3953, 1.3953, 1.39154
Resistance: 1.39852, 1.40235, 1.4016
What it said to watch
Hourly close back above 1.3985 re-opens the 1.4023 week high
Loss of 1.3953 EMA support exposes the 1.3915 swing low
Michigan sentiment + UoM inflation at 14:00 UTC could shift the USD read
USDCAD pushed to a fresh week high at 1.40235 into the NY session as soft oil and renewed USD safe-haven demand undercut the Loonie, before fading to a 1.3953 swing low and grinding back above EMA(20). RSI(14) is cycling mid-range near 56 and price holds above both EMAs, leaving the recovery from the 1.38989 low intact. The 1.40235 cap has yet to be retested this session.
Support: 1.3953, 1.3975, 1.3900
Resistance: 1.40235, 1.4100
What it said to watch
H1 close above 1.40235 opens the 1.40-1.41 congestion
Failure to hold 1.39530 / EMA20 risks a slide toward the 1.3900 weekly low
Michigan sentiment + UoM inflation expectations 14:00 UTC could shift this read
06:02 UTC
Uptrend, momentum cooling after fresh high · RSI 53 · price 1.39825
Higher highs into 1.4024, pullback holding above 1.3950.
USDCAD drove to a fresh YTD high near 1.4024 during yesterday's NY session as an oil slump and renewed US safe-haven bid pressured the Loonie, then faded back toward 1.3953 before recovering into the Asia session. Price is holding above the EMA20 with RSI cycling mid-range, leaving this week's advance intact but consolidating below the 1.40 handle. The 1.4024 week high capped the move and remains the immediate ceiling.
Support: 1.3953, 1.3970, 1.3900
Resistance: 1.4000, 1.40235
What it said to watch
H1 close above 1.40235 reopens the 1.40-1.41 congestion
Failure to hold 1.3953 exposes the 1.3900 weekly low
Michigan sentiment + UoM inflation expectations (14:00 UTC) could shift the USD read
USDCAD ran to a fresh weekly high at 1.40235 during yesterday's NY session as Iran-driven haven bids firmed the dollar and softer oil pressured CAD. The pair was rejected near 1.4016-1.4023 and pulled back to 1.3953 before stabilising around 1.397, holding above EMA(50) while flattening under EMA(20). RSI(14) has eased back to mid-range as the post-spike consolidation builds.
Support: 1.3953, 1.39154, 1.3900
Resistance: 1.40162, 1.40235, 1.4000
What it said to watch
H1 close above 1.40162 reopens the 1.40-1.41 congestion
Failure to hold 1.3953 exposes the 1.39154 week low
Michigan Sentiment at 14:00 UTC could shift the broad USD read
USDCAD pushed to a fresh week high near 1.4023 during NY hours yesterday on oil weakness and renewed safe-haven USD demand, then was rejected and faded back into the 1.397 area where it has consolidated above EMA50. Price now sits in the 38.2–50% retracement of that impulse with RSI(14) back to neutral around 49. The 1.40000 round level and 1.40235 high cap the topside while the 1.39530 swing low marks the first floor.
Support: 1.3953, 1.39154
Resistance: 1.39852, 1.4000, 1.40235
What it said to watch
H1 close below 1.39530 confirms a deeper retrace toward the 1.39154 weekly low
Reclaim of 1.40000 reopens the 1.40235 week high
Michigan Sentiment at 14:00 UTC could materially shift the USD read
USD/CAD climbed through the week to a fresh high near 1.4024 in the NY session yesterday on broad USD safe-haven flows and softer oil weighing on CAD, then rejected the 1.40 round number and eased back toward 1.3970. Price still holds above EMA20 with RSI(14) cycling back near 50 after the pullback. The 1.40 handle has capped the advance, leaving the week's impulse intact but stalling.
Support: 1.3953, 1.3900, 1.3965
Resistance: 1.4000, 1.40235
What it said to watch
H1 close above 1.40235 opens the 1.40-1.41 congestion
Failure to hold 1.39530 exposes the 1.39000 weekly low
Michigan Sentiment today 14:00 UTC could shift the USD read
Pullback holding above higher low after YTD-high push.
USDCAD ran to a fresh YTD high near 1.40235 through Wednesday-Thursday NY hours as an oil slump and renewed USD haven demand undercut CAD. Price has since faded back below 1.3980 and is consolidating around the EMA(20), with the pullback so far holding above the 1.3953 swing low. RSI(14) has cooled to the low 50s after the impulse, flattening momentum.
Support: 1.3953, 1.39154, 1.3900
Resistance: 1.3980, 1.40235
What it said to watch
H1 close above 1.40235 opens the 1.40-1.41 congestion
Failure to hold 1.3953 confirms a lower-low and exposes 1.39150
Michigan sentiment + UoM inflation expectations today 14:00 UTC could shift this read
03:02 UTC
Uptrend, pullback in progress · RSI 55 · price 1.3977
Higher highs into ytd high, holding above ema20.
USD/CAD ran to a fresh YTD high near 1.4024 in yesterday's NY session as hot US PPI and an oil-led CAD slide kept the Dollar bid, then was rejected and pulled back to 1.3953 before grinding back toward 1.3977. Price holds above EMA20 and EMA50 with RSI cycling in the mid-50s on the recovery; the 1.40-1.41 congestion overhead remains the cap on this week's advance.
Support: 1.3968, 1.3953, 1.39154
Resistance: 1.40235, 1.4016
What it said to watch
H1 close above 1.40235 ytd high opens the 1.40-1.41 congestion
Failure to hold 1.39530 swing low confirms a deeper pullback toward 1.39154
Michigan sentiment + UoM inflation expectations at 14:00 UTC (f/c 46) could shift the USD read
Higher highs into YTD high, holding above prior swing.
USDCAD ran to a fresh YTD high at 1.4023 during yesterday's NY session as hot US PPI and an intraday oil slump pressured the Loonie, then pulled back to the 1.3953 swing before buyers stepped back in. Price has reclaimed EMA(20) and is grinding back toward the 1.40 round number with RSI(14) recovering off its midline. The week's higher-low structure off 1.3899 remains intact.
Support: 1.3953, 1.3915, 1.3900
Resistance: 1.4000, 1.4023
What it said to watch
H1 close above 1.4023 opens the 1.40-1.41 congestion zone
Failure to hold 1.3953 exposes the 1.3900 weekly low and eases the bull read
Michigan sentiment + inflation expectations 14:00 UTC could materially shift this read
02:01 UTC
Uptrend, momentum slowing after YTD high · RSI 61 · price 1.39792
Higher highs, shallow pullback into trend support.
USDCAD accelerated through the NY session yesterday to a fresh YTD high near 1.40235 as an oil slump and safe-haven USD bid pressured the Loonie, before unwinding to 1.3953 and grinding back toward the highs. Price holds above EMA20 and EMA50 with RSI(14) cycling in the high-50s/low-60s, keeping the week's uptrend intact. The 1.40 round number and 1.40235 high cap the topside, while demand has stepped in around 1.3953 on the dip.
Support: 1.3953, 1.3960, 1.38989
Resistance: 1.4000, 1.40235
What it said to watch
H1 close above 1.40235 opens the 1.40–1.41 congestion area
Failure to hold 1.3953 exposes the 1.38989 weekly low
Michigan Sentiment / UoM inflation expectations at 14:00 UTC could shift this read
USDCAD broke higher through the NY session yesterday, tagging a fresh YTD high at 1.40235 as an oil slump and safe-haven USD demand pressured the Loonie into a dovish BoC backdrop. The pull-back to 1.3953 found demand and price has reclaimed the 1.3979 area, holding above EMA20 with RSI(14) easing back from overbought rather than breaking down. The 1.40 round number and the 1.40235 week high cap the immediate upside.
Support: 1.3953, 1.3900, 1.3970
Resistance: 1.40235, 1.4000
What it said to watch
H1 close above 1.40235 opens the 1.40-1.41 congestion
Loss of 1.3953 swing low signals a deeper retrace toward the 1.3900 weekly low
Michigan sentiment + UoM inflation expectations at 14:00 UTC could shift this read
USDCAD pushed to a fresh week high at 1.40235 during yesterday's NY session on renewed safe-haven USD demand and softer oil, before a sharp rejection dragged it back to 1.39530. Price has since recovered above EMA20 and EMA50 with RSI(14) cycling back through the mid-50s, sitting just under the 1.40000 round number.
Support: 1.3953, 1.39154, 1.3900
Resistance: 1.4000, 1.40235
What it said to watch
Reclaim of 1.40000 reopens the path to the 1.40235 week high
Failure to hold 1.39530 exposes the 1.39154 swing low
Exogenous oil / Middle East headlines remain the primary CAD driver
01:02 UTC
Uptrend, momentum cooling after week high · RSI 56 · price 1.39768
Higher highs into 1.4023, pullback holding above EMA20.
USDCAD pushed to a six-month high at 1.4023 during yesterday's NY session as renewed Middle East safe-haven demand bid the USD and an intraday oil slump undercut the loonie. The pair then unwound to 1.3953 before recovering to 1.3977, holding above EMA20 with RSI(14) cycling back near the mid-50s. Resistance at 1.4003/1.4023 capped the advance; the 1.3953 swing low is the first defended support.
Support: 1.3953, 1.3960, 1.3900
Resistance: 1.4003, 1.40235
What it said to watch
H1 close above 1.40235 reopens the path toward the Nov-2025 high
Failure to hold 1.3953 confirms a deeper pullback toward the 1.3900 weekly low
UoM Michigan Sentiment Fri 14:00 UTC could materially shift USD flows
USD/CAD spiked to a fresh week high at 1.4023 into Thursday's NY session on the safe-haven USD bid and an intraday oil-driven CAD offer, then was sharply rejected back toward 1.3953. Price now consolidates just under EMA20 with RSI mid-range after unwinding the stretched push higher. The 1.3953 NY low is the pivot for this consolidation; the broader rally off the 1.3899 weekly low remains intact.
Support: 1.3953, 1.3900
Resistance: 1.3978, 1.40235
What it said to watch
H1 close above 1.40235 week high reopens the path toward the Nov-2025 high
Failure to hold 1.3953 ny low exposes the 1.3900 weekly low
UoM Michigan Sentiment Fri 14:00 UTC could shift USD safe-haven flows
00:02 UTC
Uptrend, momentum slowing · RSI 51 · price 1.3973
Consolidating just under week high after impulse.
USDCAD ground higher through this week and spiked to 1.4023 in the NY session as a safe-haven USD bid and the dovish-hold BoC read kept the loonie offered. That move has since faded back toward the prior 1.3969 six-month high, which is now being retested from above; price is sitting on the EMA(20) with RSI(14) cooled back to the mid-line after the overbought stretch. The week's range from the 1.3899 base to the 1.4023 high frames the structure.
Support: 1.3953, 1.3969, 1.3900
Resistance: 1.4023, 1.4016
What it said to watch
Hourly close back below 1.3953 confirms a lower-high and exposes 1.3900
Reclaim and hold above 1.4023 reopens the path toward the Nov-2025 high near 1.4140
Oil/Middle East headlines and Fri 14:00 UTC Michigan Sentiment could shift this read