19:03 UTC
Range-bound, rebounding off higher low · RSI 53 · price 1.40845
1.35–1.425 range since mid-2025, higher lows in 2026.
USDCAD has traded in a range between the 2026 low at 1.3481 and the 2026 high at 1.4248 since the mid-2025 slide from the 2025 high near 1.4415. Lows in 2026 have stepped higher, and the August low at 1.3732 held near the 61.8% retracement of the January–June advance. Price has rebounded above the flat W1 EMA50 near 1.3880 into the July high at 1.4128, driven by Fed–BoC policy divergence and US yields above 5%. RSI sits mid-range, and a descending line of lower highs from the 2025 high still caps the upper half of the range.
Support: 1.3880, 1.3732, 1.3481
Resistance: 1.4128, 1.4248, 1.4415
What it said to watch
- Weekly close above the July high at 1.4128 opens a retest of the 2026 high at 1.4248
- A break of 1.4248 and the lower-highs line would challenge the 2025 high near 1.4415 and end the range read
- Weekly close back below the ema50 near 1.3880 returns price to the lower half of the range, with the august low at 1.3732 next
- Loss of the rising higher-lows line and the august low exposes the 2026 low at 1.3481
- Canada GDP Tue, US ADP/PCE Wed and NFP later in the week could shift Fed hike pricing and this read