Lower highs, lower lows; grinding into psych support.
USDCAD has trended lower all week from the 1.4155 Monday high toward the 1.4000 one-month low, with firm oil underpinning CAD and the BoC's dovish-balanced hold at 2.25% doing little to reverse the slide. Price is now pinned just above the 1.4000 psych level, consolidating in a tight 1.4008–1.4022 band during Asia hours with RSI(14) holding low-40s below both EMAs. Descending lower highs off 1.4115 remain intact.
Support: 1.4000, 1.40052, 1.3981
Resistance: 1.40217, 1.40508, 1.4100
What it said to watch
H1 close below 1.4000 opens the path toward 1.3981 fair value
Reclaim of 1.4050 session high needed to break the lower-high structure
Canada CPI Mon 12:30 UTC is the next domestic catalyst and could shift this read
20:02 UTC
Downtrend, grinding into lows · RSI 38 · price 1.40092
Lower highs, lower lows; consolidating at range floor.
USDCAD has ground lower since Monday's open, printing lower highs each session and now pinned at the 1.4000 psych level and one-month low as firm oil underpins the Loonie against a steady USD. Price sits below both EMA(20) and EMA(50), with 1.4025 capping pullbacks and the 1.40529 swing high the last defended lower-high. RSI(14) near 37 reflects sustained downside pressure without an extreme.
Support: 1.4000, 1.40052
Resistance: 1.4025, 1.40529
What it said to watch
H1 close below 1.4000 confirms a lower low, opening the path toward the 1.3974 fair-value zone
Reclaim of 1.40529 swing high would break the lower-high sequence
Canada CPI Mon 12:30 UTC could materially shift this read
Series of lower highs and lower lows, consolidating above 1.4000.
USDCAD has been offered all week, sliding from 1.4155 to a one-month low near 1.4005 as firm oil underpinned the Loonie and this week's benign US inflation capped the buck; the mildly dovish BoC hold slowed rather than reversed the move. Price is now consolidating in a tight 1.4008-1.4016 band just above the 1.4000 psych level, held below EMA20 (~1.4025). RSI(14) sits near 36 with the recent grind lower losing intensity.
Support: 1.40052, 1.4000
Resistance: 1.4025, 1.4037, 1.4050
What it said to watch
Canada CPI Mon 12:30 UTC is the next domestic catalyst and could break this consolidation
H1 close below 1.4000 confirms continuation of the lower-low sequence
Reclaim of 1.4025 EMA20 and 1.4037 would challenge the downtrend read
USDCAD has ground lower since Monday's 1.4155 open, a seven-day slide extended by soft US inflation earlier in the week and firm oil underpinning the Loonie; price now sits pinned at the 1.4000 psychological line. It trades below EMA20 and EMA50 with RSI(14) hugging the high-30s, and the last several bars have flattened into a tight base just above the week low at 1.40052. Rallies into the NY session repeatedly stalled at 1.4050.
Support: 1.4000, 1.40052
Resistance: 1.4050, 1.4065
What it said to watch
Canada CPI Mon 12:30 UTC is the next domestic catalyst and could shift this read
Hourly close below 1.4000 confirms continuation to fresh lows
Reclaim of 1.4050 would break the descending sequence of lower highs
USDCAD has ground steadily lower since Monday's 1.4150 open, shedding roughly 135 pips as bullish oil underpinned the Loonie against a two-way USD. Price now sits at 1.4016, pinned near the week low at 1.40052 and the 1.4000 psychological mark, with RSI(14) sub-40 and EMA20 capping every pullback near 1.4028. The descending channel of lower highs remains intact.
Support: 1.4000, 1.40052
Resistance: 1.4028, 1.40769, 1.41497
What it said to watch
Hourly close above EMA20 (~1.4028) would be the first crack in the lower-high sequence
Canada CPI Monday 12:30 GMT is the next high-impact catalyst for this pair
18:02 UTC
Downtrend, near lows · RSI 39 · price 1.4016
Lower highs, lower lows.
USDCAD has ground steadily lower all week, holding below EMA(20) and EMA(50) as CAD stays firm near one-month highs on bullish oil. The dominant leg played out through the NY sessions, dragging price from the 1.4160 area to a fresh week low at 1.40052, with the 1.4000 psychological mark now in focus. RSI(14) sits in the high-30s, tracking the decline without a clear divergence yet.
Support: 1.40052, 1.4000
Resistance: 1.4053, 1.40769, 1.4115
What it said to watch
H1 close above 1.4053 breaks the descending structure of lower highs
Break of 1.4000 psych opens the path toward Scotia fair value near 1.3974
Canada CPI Monday 12:30 GMT is the next high-impact catalyst for this pair
USDCAD has bled lower through the week, printing lower highs and lower lows and trading below both EMA(20) and EMA(50) since the London session two days ago. The pair now sits on the 1.4000 psych level after tagging a 1.4005 session low, with firm oil keeping the Loonie bid. RSI(14) near 37 reflects sustained downside pressure without yet reaching oversold.
Support: 1.4005, 1.4000
Resistance: 1.4037
What it said to watch
Canada CPI Mon 12:30 GMT is the next key catalyst and could materially shift this read
Hourly close below 1.4000 confirms continuation of the lower-low sequence
Reclaim of 1.4037 prior high would challenge the descending structure
17:02 UTC
Downtrend, extending lows · RSI 34 · price 1.4010
Series of lower highs and lower lows.
USDCAD has trended lower all week from Monday's ~1.4150 open, printing successive lower highs and lower lows into a fresh one-month low near 1.4009. The slide fits the soft-USD/firm-oil backdrop and a mildly dovish BoC hold; price sits below both EMA(20) and EMA(50) with RSI(14) pressed into the low-30s. The 1.4000 psychological handle is now the immediate reference after repeated failures to reclaim the descending resistance.
Support: 1.4000, 1.40052
Resistance: 1.4035, 1.40577, 1.40769
What it said to watch
Hourly close below 1.4000 confirms continuation of the lower-low sequence
Reclaim of EMA(20) near 1.4035 would challenge the descending channel
Canada CPI Mon 12:30 GMT could materially shift this read
USD/CAD has trended lower all week, pressing a fresh one-month low near 1.4006 as bullish oil keeps the Loonie firm and the dovish-lean BoC hold offers little pushback. Price sits below the H1 EMA20 (~1.4035) with each pullback into it capped, and 1.4000 psych support is now within reach. RSI(14) is soft near 34 but not yet at an extreme.
Support: 1.40062, 1.4000
Resistance: 1.4035, 1.40577
What it said to watch
H1 close back above 1.4035 ema20 would ease downside pressure
Break below 1.4000 psych extends the lower-low sequence
Canada CPI Mon 12:30 GMT is the next catalyst and could reset this read
Sustained move above 1.40577 prior high breaks the lower-high structure
USDCAD has ground lower all week, printing successive lower highs since Monday's slide from 1.4155, with the NY session driving the sharpest legs. Price sits at a fresh one-month low near 1.4015 having broken the 1.4020 shelf, held below both EMA(20) and EMA(50) throughout, as a firm oil bid and dovish-lean BoC keep the CAD supported. RSI(14) is pressing into the mid-30s but has not yet flagged divergence.
Support: 1.40062, 1.4000, 1.3974
Resistance: 1.40501, 1.40769, 1.41154
What it said to watch
Loss of 1.4000 psych opens the 1.3974 fair-value zone
H1 close back above 1.4050 needed to break the lower-high sequence
Canada CPI Mon 12:30 GMT is the next catalyst that could reset this read
USDCAD has stair-stepped lower since Monday's ~1.4141 open, pressured by firm oil on US-Iran risk while a mildly dovish BoC hold capped any CAD giveback. Price trades below EMA20 (~1.4033) with RSI(14) cycling in the lower half, and a fresh break under 1.4020 in the NY session drove the pair to a new week low at 1.40062, where buyers stepped in twice around the 1.4000 handle.
Support: 1.40062, 1.4000
Resistance: 1.4033, 1.4058
What it said to watch
Hourly close back above 1.4033 (ema20) needed to challenge the downtrend
Break of 1.4000 psych opens the path toward the 1.3975 zone
Canada CPI Mon 12:30 GMT is the next domestic catalyst
15:02 UTC
Downtrend, extended · RSI 34 · price 1.40132
Successive lower highs and lower lows.
USDCAD has trended lower all week from Monday's ~1.4148 open, pressured by firm oil on US-Iran tensions and a balanced BoC hold, with price now probing the 1.4000 psychological/one-month-low area. RSI(14) sits in the low-30s and price has held below EMA20 through the entire window, with rebounds capped near 1.4053. The latest leg broke prior support around 1.4020, extending the sequence of lower lows.
Support: 1.4000, 1.39745
Resistance: 1.40405, 1.40529, 1.41484
What it said to watch
H1 close below 1.4000 opens the path toward the 1.39745 fair value zone
Reclaim of 1.40529 swing high would break the lower-high sequence
Canada CPI Mon 12:30 GMT could materially shift this read
14:02 UTC
Downtrend, extending · RSI 32 · price 1.40083
Series of lower highs and lower lows.
USDCAD has trended lower all week, grinding from Monday's 1.4160 area to a fresh one-month low at 1.4008 into today's session, capped repeatedly at a descending resistance line. Price is pinned below EMA20 and EMA50 with RSI(14) around 31, testing the 1.4000 psychological pivot; bullish oil on US-Iran risk has underpinned CAD while a firmer USD only cushioned the slide.
Support: 1.4000, 1.3980
Resistance: 1.4035, 1.4059, 1.4130
What it said to watch
H1 close below 1.4000 opens the path toward the 1.3974-1.3981 zone
Reclaim of EMA20 near 1.4035 would ease the downside pressure
Michigan sentiment (14:00 UTC) could shift the USD side of this read
Canada CPI Monday is the next domestic catalyst
14:02 UTC
Downtrend, fresh lows · RSI 33 · price 1.40083
Lower highs, lower lows into 1.4000.
USDCAD has trended lower all week from Monday's 1.4160 open, pressing to a fresh one-month low at 1.4008 and probing the 1.4000 psychological pivot. Bullish oil on US-Iran risk has underpinned CAD while price stays pinned below EMA20 and EMA50, with the last bar breaking prior 1.4020 support. RSI(14) near 32 reflects stretched downside momentum but no confirmed divergence yet.
Support: 1.4000, 1.3981
Resistance: 1.4050, 1.4077, 1.4130
What it said to watch
Sustained break below 1.4000 opens the 1.3981 fair-value zone
H1 close back above 1.4050 pivot would ease the downside pressure
Michigan sentiment (14:00 UTC) could shift the broad-USD driver
USDCAD has trended lower since Monday's open, sliding from 1.4160 toward a week low at 1.4010 as USD softness and firm oil weighed on the pair through the NY sessions. Price is now grinding just above 1.4020, holding above the 1.4000 psych mark, with RSI(14) basing in the low 40s and price capped below EMA20. The descending sequence of lower highs remains intact under 1.4051 range top.
Support: 1.40101, 1.4000
Resistance: 1.4051, 1.40769, 1.4130
What it said to watch
H1 close below 1.4000 psych opens the Scotiabank fair-value zone toward 1.3974
Reclaim of 1.4051 range top would break the week's lower-high sequence
UoM inflation expectations (14:00 UTC) could materially shift the USD leg
Canada CPI Monday 12:30 UTC is the key domestic risk into next week
USDCAD has ground steadily lower since Monday's open, printing lower highs and lower lows and pinning price just above the 1.4000 psych mark as the loonie draws support from firmer oil. Price sits below EMA20 and EMA50 with each pullback capped near 1.4050, and RSI(14) cycling in the low 40s reflects sustained but slowing downside pressure. The soft-USD, oil-bid backdrop noted after the BoC hold has kept the week's descent intact.
Support: 1.4000, 1.4010
Resistance: 1.4050
What it said to watch
A decisive break of 1.4000 psych opens the path toward the 1.3974/1.3981 zone
H1 close back above 1.4050 prior high would challenge the lower-high sequence
US UoM sentiment/inflation-expectations (14:00 UTC) could shift the USD leg of this read
USDCAD has drifted lower all week under a chain of lower highs, pinned below EMA20 and EMA50 as the mildly dovish BoC hold and firm oil kept the Loonie bid. Price is now grinding along the 1.4010 week low with RSI subdued near 40, more consolidation above the 1.4000 psych level than a fresh impulse. The descending channel from Monday's high still caps every bounce.
Support: 1.4010, 1.4000
Resistance: 1.4050
What it said to watch
Decisive break below 1.4000 psych opens 1.3974 fair value
H1 close above 1.4050 swing high breaks the descending channel
UoM sentiment/inflation expectations 14:00 UTC could shift the USD leg
Canada CPI Mon Jul 20 is the next domestic catalyst
USDCAD has traded a steady downtrend since Monday's open, sliding from the 1.4150 area to a week low near 1.4010 as a mildly dovish BoC hold and firm oil underpinned CAD despite a broadly firm USD. Price sits below EMA20 and EMA50 with rallies capped at 1.4057 and 1.4077 through the week, and is now consolidating just above the 1.4000 psychological floor. RSI(14) is cycling in the low 40s, reflecting stalling downside momentum rather than fresh selling.
Support: 1.4010, 1.4000
Resistance: 1.4038, 1.4057, 1.4077
What it said to watch
H1 close below 1.4000 psych opens the path toward 1.3974
Reclaim of 1.4038 ema20 would neutralise the lower-high structure
Canada CPI Mon 12:30 GMT could materially shift this read
USDCAD has ground lower since Monday's open, sliding from the 1.4155 area to a one-month low at 1.4010 after the mildly dovish BoC hold, with bullish oil underpinning CAD. Price now sits below EMA20 and EMA50 and is consolidating in a tight 1.4030–1.4050 band, RSI(14) recovering off oversold toward the mid-40s. The 1.4050 session cap has held recent bounces while 1.4000 remains the pivotal downside floor.
Support: 1.4010, 1.4000
Resistance: 1.4050, 1.4077, 1.4130
What it said to watch
Hourly close above 1.4050 then 1.4077 would break the lower-high sequence
A decisive break of 1.4000 opens the path lower toward 1.3970
Canada CPI Mon 12:30 GMT could materially shift this read
USDCAD has trended lower all week from Monday's 1.4160 area, pressured by a firm oil-supported CAD after the BoC's dovish-tilt hold. Price based near 1.4010 in the NY session and is now consolidating around the EMA(20) at ~1.4039, with RSI(14) hovering mid-40s. The 1.4050 shelf has capped bounces while 1.4010 holds as the week's floor.
Support: 1.40101, 1.4000
Resistance: 1.4039, 1.4050, 1.40769
What it said to watch
H1 close above 1.4050 challenges the lower-high structure
Break below 1.4010 opens the 1.4000 psych level
UoM sentiment/inflation expectations 14:00 UTC could shift USD tone
USDCAD has trended lower since Monday's ~1.4160 high, sliding to a four-week low near 1.4010 mid-week as the dovish-tilt BoC hold and firm oil underpinned CAD. Price now consolidates in the low 1.4030s, capped by a descending line of lower highs and holding below EMA20 with RSI mid-40s. Overnight Asia hours have compressed ranges as buyers defended 1.4010 without reclaiming the 1.4050 session high.
Support: 1.4020, 1.4010, 1.4000
Resistance: 1.4050, 1.4076, 1.4115
What it said to watch
H1 close above 1.4076 lower high breaks the descending structure
Loss of 1.4010 weekly low opens the 1.4000 psych level
Canada CPI Mon Jul 20 12:30 GMT could materially shift this read
USDCAD has ground lower through the week off the 1.4160 area, trading below both EMA(20) and EMA(50) as the pair prices out BoC hikes after a mildly dovish hold. Price found a base at 1.4010 and has since consolidated in a tight 1.4030–1.4058 band, with a firm USD safe-haven bid capping the down-leg. RSI(14) sits near 43, reflecting stalled rather than accelerating downside.
Support: 1.4010, 1.4000
Resistance: 1.4058, 1.4090, 1.4130
What it said to watch
Break below 1.4010 opens the 1.4000 psych low
H1 close above 1.4058 swing high challenges the lower-high sequence
USDCAD has ground lower since Monday's open near 1.414, printing lower highs and lower lows as CAD stayed firm after the BoC hold and firmer oil. Price now sits just above the 1.40 handle, capped below EMA20 with RSI(14) subdued in the low 40s and unable to reclaim the mid-1.405s. The last day has been more of a shallow consolidation into the week low at 1.40101 than fresh impulse lower.
Support: 1.40101, 1.4000, 1.3970
Resistance: 1.4045, 1.4059, 1.4077
What it said to watch
H1 close above 1.4059 breaks the lower-high sequence
Failure to hold 1.40 opens the path toward 1.3970
UoM sentiment/inflation expectations today 14:00 UTC could shift the USD leg
Canada CPI Monday is the next domestic catalyst for this read
USDCAD has trended lower all week, the dominant leg coming in Wednesday's NY session after the BoC hold as CAD firmed on steady oil. Price has since based between 1.4020 and 1.4058, holding below EMA20/EMA50 with RSI(14) carving a shallow bullish divergence off the 1.40101 swing low. The 1.40 handle and prior four-week low remain the floor buyers have defended twice.
Support: 1.40196, 1.40101, 1.4000
Resistance: 1.40577
What it said to watch
H1 close below 1.40196 confirms continuation toward the 1.40 handle
Reclaim of 1.40577 would break the run of lower highs
Canada CPI Mon 12:30 UTC and today's UoM sentiment at 14:00 UTC could reset this read
USDCAD has ground lower since Monday's session open, rolling from ~1.416 to fresh four-week lows near 1.401 as a softer USD backdrop and a mildly dovish BoC hold weighed. The last two sessions have flattened into a tight 1.402-1.406 consolidation, with price pinned below EMA20 and EMA50 and RSI(14) cycling in the low 40s. Demand has stepped in twice around the 1.401 weekly low, but each bounce has stalled under the descending lower-highs.
Support: 1.4010, 1.4000
Resistance: 1.40577, 1.40769, 1.4130
What it said to watch
Break below 1.401 weekly low opens the path toward 1.3970
Hourly close above 1.40577 breaks the descending lower-highs
Michigan sentiment / UoM inflation expectations (14:00 UTC) could shift the USD leg
Canada CPI Mon 20 Jul is the key near-term catalyst for this pair
USDCAD has trended lower all week off the 1.41598 high, dragged down by soft US CPI/PPI early and a firmer CAD after the balanced BoC hold plus oil support. Price is pinned below EMA(20) and EMA(50), and this session's slide through the 1.4030 consolidation floor has pressed toward the 1.4020 swing low. Resistance at 1.40577 capped the last NY bounce, keeping the sequence of lower highs intact.
Support: 1.40196, 1.40101, 1.4000
Resistance: 1.4038, 1.40577, 1.4077
What it said to watch
H1 close below 1.40101 confirms a fresh lower-low toward the 1.4000 psych level
Reclaim of 1.40577 session high would neutralise the lower-high sequence
US Michigan sentiment/inflation expectations 14:00 UTC could materially shift this read
USDCAD has trended lower all week, sliding off the 1.4130 area toward four-week lows after soft US CPI/PPI and the balanced BoC hold. Price is consolidating just above the 1.4010 weekly low, pinned below a descending EMA20 with RSI(14) stuck in the low-40s. The NY-into-Asia drift has been narrow, with 1.4050 capping the last bounce.
Support: 1.4010, 1.3972
Resistance: 1.4050, 1.4077, 1.4130
What it said to watch
H1 close below 1.4010 confirms a fresh lower-low toward the 1.3972 50-dma
Reclaim of 1.4050 would break the run of lower highs
Canada CPI Mon 12:30 UTC and US Michigan sentiment today 14:00 UTC could reshape this read
USDCAD has trended lower all week from Monday's 1.4160 open, dragged off ~1.4130 toward four-week lows as soft US CPI/PPI weighed on the Dollar and firm oil kept CAD bid. Price has been consolidating between 1.4010 and 1.4058 into the NY-Asia transition, holding above the 1.4010 week low without extending. RSI(14) sits mid-40s and price remains capped below both EMAs.
Support: 1.4010, 1.4000
Resistance: 1.4058, 1.4090, 1.4130
What it said to watch
H1 close above 1.4058 challenges the lower-high sequence
Break of 1.4010 confirms a fresh lower low toward 1.4000
Canada CPI (Mon 12:30 UTC) could materially shift this read
USDCAD has trended lower all week, sliding off ~1.4130 to four-week lows near 1.4010 after the soft US CPI/PPI backdrop and a balanced BoC hold on Wednesday. Price is now consolidating in a tight 1.4010–1.4053 band beneath a falling EMA20, with RSI(14) basing in the mid-40s. The 1.4010 week low has held on two probes, capping the downside for now.
Support: 1.40101, 1.4000
Resistance: 1.40404, 1.40529, 1.40769
What it said to watch
H1 close below 1.4010 confirms a lower-low and reopens the 1.4000 psych level
Recovery above 1.4053 range top breaks the consolidation and challenges the EMA20 cap
Canada CPI (Mon 12:30 UTC) could materially shift this read
USDCAD has trended lower since Monday's open, dragged off the 1.4130 area toward four-week lows after the BoC held at 2.25% Wednesday with balanced language. Price is now consolidating in a 1.4030-1.4058 band above the 1.4010 week low, capped by a series of lower highs with RSI(14) hovering in the low 40s. Both EMA20 and EMA50 sit above spot, keeping the near-term structure heavy.
Support: 1.40101, 1.4030
Resistance: 1.40577, 1.40769
What it said to watch
Sustained H1 close above 1.4058 session high would break the lower-high sequence
Failure to hold 1.4010 week low confirms downtrend continuation
Canada CPI Mon 12:30 UTC could materially shift this read
USDCAD has trended lower since Monday's open, sliding from 1.4164 to a four-week low near 1.4010 as CAD held firm after the BoC's sixth hold and in-line US data offered no fresh dollar catalyst. Price is now boxed between 1.4028 and 1.4058 with RSI(14) mid-40s and price capped under the EMA(20), the drop having stalled rather than reversed. Two attempts back toward 1.4058 have been sold, keeping the consolidation pinned near the base.
Support: 1.4028, 1.4010
Resistance: 1.4058, 1.4077
What it said to watch
H1 close above 1.40580 breaks the consolidation and reopens 1.40770
Loss of 1.40100 confirms a fresh lower low
Canada CPI Mon 12:30 UTC and Michigan sentiment today 14:00 UTC could shift this read
USDCAD has bled lower since Monday's ~1.4164 open, printing a four-week low near 1.4010 before basing in a tight 1.4030-1.4050 band through the Asia session. Price sits below EMA20 and EMA50 with RSI(14) cycling in the mid-40s; the BoC hold and lack of a fresh US data catalyst have left the pair coiling near the lows. Range-bound and quiet, with the descending lower-high sequence from earlier in the week still intact.
Support: 1.40196, 1.40101
Resistance: 1.4053, 1.4100
What it said to watch
Hourly close above 1.40530 / EMA20 breaks the consolidation and the lower-high sequence
Loss of 1.40196 confirms continuation toward the 1.40101 swing low
US Michigan Sentiment today 14:00 UTC and Canada CPI Mon 12:30 UTC could shift this read
USDCAD has trended lower all week, sliding from Monday's 1.4165 open to a 1.4010 low as soft US CPI/PPI dragged the dollar to a one-month low. The BoC's on-hold decision capped any CAD-side surprise, and price has since coiled in a tight 1.4030-1.4050 band below EMA(20) and EMA(50). RSI(14) sits in the low-40s, flattening as the sell pressure eases near the week low.
Support: 1.40101, 1.40196
Resistance: 1.40501, 1.40769, 1.41154
What it said to watch
H1 close above 1.4050 challenges the lower-high structure
Loss of 1.4010 confirms a fresh lower low
UoM Michigan Consumer Sentiment at 14:00 UTC could shift this read
USDCAD has slid steadily since Monday's open, benign US CPI/PPI dragging the pair to a four-week low near 1.4010 before the BoC hold at 2.25% steadied the move. Price now consolidates 1.4030-1.4050 below EMA20 and EMA50 with RSI(14) mid-40s. The 1.4050 area has capped attempts through the NY and Asia sessions.
Support: 1.4010, 1.4030, 1.3981
Resistance: 1.4050, 1.4077
What it said to watch
H1 close below 1.4010 confirms a fresh lower-low
Reclaim of 1.4050 opens the path back toward 1.4077
UoM Michigan Sentiment at 14:00 UTC could materially shift this read
Canada CPI Monday 12:30 UTC is the next domestic catalyst
Consolidating near week lows after impulsive slide.
USDCAD spent the week grinding lower off Monday's 1.4161 open, with the sharpest leg through the NY session mid-week as soft US CPI/PPI trimmed Fed pricing and the BoC held at 2.25%. Price has since flattened into a tight 1.4030–1.4050 band just above the 1.4010 week low, with RSI(14) hovering in the mid-40s and price capped below EMA20/50. The range cap at 1.4050 has held the last several attempts.
Support: 1.40101, 1.4030
Resistance: 1.4050, 1.40769, 1.41611
What it said to watch
Break below 1.4010 week low confirms a fresh lower low
H1 close above 1.4050 range cap opens room toward 1.4077
UoM sentiment/inflation expectations at 14:00 UTC could shift USD tone
USDCAD has bled lower since Monday's ~1.4160 open, extending a seven-day slide to a four-week low near 1.4010 as softer US CPI/PPI kept the dollar heavy and the BoC hold gave CAD room. Price has since coiled in a tight 1.4010–1.4050 band through the Asia session, holding below EMA20 with RSI(14) parked in the low 40s. The 1.40508 recent cap has held two attempts while 1.40196 swing low is the floor buyers keep defending.
Support: 1.40196, 1.40101
Resistance: 1.40508, 1.40769
What it said to watch
H1 close below 1.40101 week low confirms a lower low
Reclaim of 1.40508 recent cap eases the downside pressure
UoM Michigan sentiment/inflation expectations at 14:00 UTC could shift USD and this range
Canada CPI Mon 12:30 UTC is the next major CAD catalyst
USDCAD has trended lower all week off Monday's 1.4170 open, with the dominant leg down during the mid-week sessions after the BoC's balanced hold and firm oil kept CAD supported. Price is now grinding along the 1.4020-1.4010 lows, capped beneath the H1 EMA(20) near 1.4041 with RSI(14) hovering in the mid-40s. The move stays USD-dependent — the recent DXY bounce off its one-month low has slowed but not reversed the descent.
Support: 1.40196, 1.40101
Resistance: 1.4041, 1.40577, 1.40729
What it said to watch
H1 close above the ema20 near 1.4041 and the 1.40577 prior high would challenge the downtrend read
Failure to hold 1.40101 swing low confirms a fresh lower-low
Canada CPI Mon 12:30 UTC could materially shift this read
USDCAD has trended lower all week off Monday's 1.4170 open, pressured by soft US inflation and firm oil after the BoC's balanced hold. Price carved a four-week low at 1.4010 into the NY session before basing, and is now consolidating in the low 1.40s below EMA20 with RSI(14) mid-40s. The 1.4058 prior high has capped bounces while demand steps in around the 1.4010 area.
Support: 1.40101, 1.4000
Resistance: 1.4045, 1.40577, 1.40769
What it said to watch
Sustained H1 close above 1.4058 prior high challenges the lower-high sequence
Break below 1.4010 week low confirms continuation of the downtrend
Canada CPI Mon 12:30 UTC could materially shift this read
USDCAD has trended lower all week off the 1.41705 high, printing successive lower highs as soft US CPI/PPI kept the dollar near a one-month low while firm oil underpinned CAD. Price found demand at the 1.40101 week low and bounced to 1.40577 before fading back below the EMA20 near 1.40450, leaving the pair consolidating just above the lows into the Asia session. RSI(14) sits in the low 40s, reflecting stalled downside momentum rather than a reversal.
Support: 1.40101, 1.40196
Resistance: 1.4045, 1.40577, 1.4100
What it said to watch
H1 close above 1.40577 swing high would break the lower-high sequence
Break below 1.40101 week low confirms a fresh lower low
UoM sentiment/inflation expectations 14:00 UTC could shift USD tone
Canada CPI Mon 20 Jul is the next major CAD catalyst
USDCAD has trended lower all week off the 1.4170 area, sliding to a one-month low near 1.4010 as soft US CPI/PPI capped the dollar and firm oil kept CAD bid. Price now grinds sideways just above the week low, below both EMA(20) and EMA(50), with RSI(14) hovering in the low-40s after the late-week bounce to 1.4058 faded during the Asia session. The descending sequence of lower highs remains intact.
Support: 1.40101, 1.4000
Resistance: 1.40577, 1.40769, 1.41138
What it said to watch
H1 close above 1.40577 breaks the lower-high sequence
Break of 1.40101 confirms a fresh lower low toward 1.4000
Canada CPI Mon Jul 20 12:30 UTC could reset this read
UoM inflation expectations 14:00 UTC may move USD tone
USDCAD has trended lower all week from Monday's 1.4174 open, with the dominant leg coming on Wednesday's NY session as soft US CPI/PPI dragged the dollar to a one-month low and firm oil kept CAD bid. Price has since based between 1.4010 and 1.4058, printing a marginal lower low at 1.4010 before flattening; RSI(14) sits in the low-40s and price holds below both EMA(20) and EMA(50). The 1.4058 lower-high has capped the last two recovery attempts.
Support: 1.40101, 1.40196
Resistance: 1.40577, 1.40769, 1.41154
What it said to watch
H1 close above 1.40577 breaks the lower-high sequence
Break below 1.40101 confirms a fresh lower low
Canada CPI Mon 12:30 UTC is the next major catalyst for this pair
USDCAD has trended lower all week from Monday's open near 1.4169, driven by soft US inflation and firm oil supporting CAD, printing a week low at 1.4010 in the last NY session. Price has since consolidated in a tight 1.4010–1.4058 band and sits just below EMA20 with RSI(14) recovering off oversold toward 44. Lower highs remain intact and each rally into the mid-1.405s has been capped.
Support: 1.40101, 1.40216
Resistance: 1.4043, 1.40577, 1.40769
What it said to watch
H1 close above 1.4058 swing high breaks the lower-high sequence
Failure to hold 1.4010 week low confirms a fresh lower low
Canada CPI Mon 12:30 UTC could materially shift this read