USDCAD extended its multi-week climb to a fresh 14-month high near 1.4248, powered by a hawkish-Fed USD bid and weak oil weighing on CAD. The last two bars rejected from 1.4247 and dropped back to 1.4178, leaving price below EMA20 with RSI cooling toward midline as the rally stretches. Higher-low structure off the 1.4025 base remains intact, but the upper edge is showing absorption.
Support: 1.4177, 1.41437, 1.4135
Resistance: 1.42476, 1.42363
What it said to watch
H4 close below 1.4177 breaks rising support and confirms a lower-low
Close above 1.42476 resumes the uptrend toward fresh highs
ADP/Warsh (Jul 1) and BoC Macklem could materially shift this read
USDCAD held a higher-high/higher-low structure since early June, grinding to a fresh 14-month high at 1.4248 on the oil slide and hawkish-Fed bid. The latest bar wicked sharply off that ceiling back through the EMA20, leaving a clear rejection while rising support off the early-June higher-lows still holds. ATR(14) near 23 pips marks a steady, non-explosive advance into the US labour week.
Support: 1.4174, 1.4155
Resistance: 1.4248, 1.4310
What it said to watch
H4 close above 1.4248 opens the path to 1.4310 resistance
Failure to hold 1.4174 swing low confirms a lower-low and shifts the read
Warsh + ADP/ISM Wed and BoC Macklem could materially move this read
USDCAD remains in a clean H4 uptrend off the early-month 1.3815 base, printing a 14-month high near 1.4248 on hawkish-Fed repricing and a weak-oil-driven heavy CAD. Price is now consolidating just below that high, with ATR(14) easing as the pair coils under resistance. The 1.42 leg up stays intact above rising support and both EMAs.
Support: 1.4177, 1.4155, 1.4135
Resistance: 1.4248, 1.4310
What it said to watch
H4 close above 1.4248 opens the path toward the 1.4310 barrier
Failure to hold the 1.4177 swing low / 1.4155 shifts to a lower-high read
Canada GDP today and US NFP Thursday could materially shift this read
09:02 UTC
Uptrend, testing 14-month high · RSI 60 · price 1.42306
Higher highs and higher lows since early-month.
Uptrend intact with higher highs and higher lows since the early-month run off 1.3835; price recovered the dip to ~1.4175 and is retesting the 1.4248 14-month high, where two equal highs are forming. CAD has stayed soft on a ~20% June oil slump and Fed-hike repricing, though banks flag the USD leg as stretched. ATR(14) is steady, neither compressing nor expanding sharply.
Support: 1.4169, 1.4144
Resistance: 1.4248, 1.4310
What it said to watch
H4 close above 1.4248 opens the path to the 1.4310 barrier
Failure to hold 1.4169 confirms a lower-low
Canada GDP at 12:30 UTC could materially shift this read
USDCAD remains in a multi-week uptrend, pushing to a 14-month high near 1.4248 before a sharp single-bar pullback to 1.4177 as US PCE printed in line and trimmed near-term hike pricing. Price has since recovered the bulk of that drop and is consolidating around 1.4232, with the rising EMA20/EMA50 stack and higher-low structure intact. The 1.4248-1.4250 zone is the immediate cap — an area to watch for rejection or break.
Support: 1.4177, 1.4135
Resistance: 1.4248, 1.4290
What it said to watch
H4 close above 1.4250 opens the 1.43-1.45 zone
Failure to hold 1.4177 confirms a lower-low and threatens the uptrend
Canada GDP today 12:30 UTC could materially shift this read
Uptrend from sub-1.3850 remains intact, with the latest leg accelerating to a 14-month high at 1.4248 on the June oil slump and hawkish Fed pricing. Price has since stalled and is consolidating roughly 1.4170-1.4248, with ATR(14) compressing as the advance pauses. Canada GDP at 12:30 UTC is the next catalyst into this consolidation.
Support: 1.41688, 1.4155, 1.4117
Resistance: 1.42476
What it said to watch
H4 close above 1.4248 extends the uptrend toward the 1.43-1.45 zone
Loss of 1.4155 confirms a deeper corrective pullback
Cdn GDP 12:30 UTC could materially shift this read