21:03 UTC
Uptrend resuming, testing range top · RSI 66 · price 1.39405
Multi-month range, breaking higher.
USDCAD has spent four months ranging roughly 1.355–1.397, and this week's close at 1.39405 pushes through the 1.3925 two-month high after the recovery off the April low near 1.355. Price sits above a rising EMth(50) with RSI in the mid-60s — firm but not yet overbought on D1. The advance comes despite Friday's blowout Canadian jobs print, leaving the breakout fragile ahead of midweek event risk.
Support: 1.3900, 1.3835, 1.3550
Resistance: 1.3925, 1.3966
What it said to watch
- Daily close above 1.3925 sustains the breakout, opening the 1.3966 feb high and 1.40
- Failure to hold 1.39 pivot returns price into the prior range toward 1.3835
- BoC hold + US CPI on Jun 10 could materially shift this read