Higher highs and higher lows, consolidating below two-month high.
USDCAD extends its multi-week uptrend off the early-month 1.3684 low, printing successive higher lows and pressing the 1.3969 two-month high after Friday's blowout US NFP cemented the hawkish-Fed narrative. The last bars stalled and faded from 1.3962 into the 1.3950 area, leaving price consolidating just under resistance while ATR(14) stays elevated. EMA20 and EMA50 remain stacked beneath price, confirming trend intactness.
Support: 1.39186, 1.38649
Resistance: 1.39688, 1.39966
What it said to watch
BoC decision and US CPI both Wed 10 Jun could materially shift this read
H4 close above 1.3969 two-month high opens the path toward the 1.3997 ytd-area
Failure to hold 1.3919 swing low confirms a lower-low and breaks the rising support
21:03 UTC
Uptrend, pressing range top · RSI 61 · price 1.39497
Higher highs / higher lows, testing 2mo high.
USDCAD holds a clean higher-high/higher-low structure since early month, with price pressing the two-month high cluster at 1.3966-1.39688 — last bar tagged 1.39688 then faded to 1.39497, a rejection at the top. The move is underpinned by Friday's blowout US NFP and hawkish Fed repricing against the weakest G10 currency in CAD. Price sits above both EMA20 and EMA50, which remain stacked beneath spot.
Support: 1.39186, 1.38807, 1.38649
Resistance: 1.39688, 1.39605
What it said to watch
H4 close above 1.39688 opens the path higher beyond the two-month high
Failure to hold 1.39186 breaks the rising higher-low sequence
US CPI and BoC decision Wed 10 Jun could materially shift this read
Higher highs and higher lows, stalling below 1.3966.
USDCAD has trended higher through the window from the early-month 1.3692 low to fresh two-month highs, with higher highs and higher lows intact as hawkish-Fed repricing post-NFP and a soft CAD kept the pair bid. Price is now consolidating in a 1.3920-1.3966 band, repeatedly capped near the 1.3966 ytd high. ATR has eased as the advance flattens just under that level.
Support: 1.3920, 1.3865, 1.3805
Resistance: 1.3950, 1.3966
What it said to watch
H4 close above 1.3966 ytd high extends the uptrend toward 1.40
BoC rate decision Wed could materially shift this read
Loss of 1.3865 swing low breaks the higher-low structure
17:02 UTC
Uptrend, testing range cap · RSI 62 · price 1.39568
Higher highs and higher lows since early month.
USDCAD extended its multi-week uptrend to a fresh two-month high near 1.3966, with price holding above rising EMA20 and EMA50 after stalling repeatedly at that YTD peak. The advance has been driven by hawkish Fed repricing post-NFP overwhelming a firm Canadian jobs print, keeping the commodity-linked CAD on the back foot. Price is now consolidating just under the 1.3966 cap as ATR holds a moderate regime.
Support: 1.3920, 1.3865
Resistance: 1.3966, 1.4000
What it said to watch
BoC decision Wed 13:45 UTC and US CPI Wed 12:30 UTC could materially shift this read
H4 close above 1.3966 opens the path toward the 1.40 psych level
Failure to hold 1.3920 swing low threatens the higher-low sequence
USDCAD held a higher-low/higher-high sequence since the early-month base near 1.3770, pushing to a fresh 2-month peak at 1.3960 before stalling, with CAD pressured by softer Oil and a hawkish-Fed USD repricing post-NFP. Price has since rolled back to 1.3921, slipping under the EMA20 while the EMA50 stays supportive lower; the advance is wedging as each leg higher loses range. ATR(14) near 21 pips reflects a moderate, slightly cooling regime ahead of event risk.
Support: 1.3880, 1.3805
Resistance: 1.3960, 1.3966
What it said to watch
BoC decision Wed 13:45 UTC and US CPI Wed 12:30 UTC could materially shift this read
H4 close above 1.3966 extends the uptrend toward the 1.40 zone
Loss of 1.3880 swing low confirms a lower-low and breaks the wedge
13:02 UTC
Uptrend, momentum slowing · RSI 56 · price 1.3921
Higher highs/lows, stalling below 2-mo peak.
Higher-low structure intact since early-month, lifting USDCAD to a 2-month peak near 1.3960 on hawkish-Fed repricing and softer Oil capping the Loonie. Price is consolidating just below that cap with momentum easing; RSI has rolled back from extended levels while EMA20 holds above EMA50. The wedge-like grind into 1.3960 leaves the move unresolved ahead of midweek risk.
Support: 1.3880, 1.3805
Resistance: 1.3960, 1.4000
What it said to watch
H4 close above 1.3960 opens the path toward the 1.4000 round number
Loss of 1.3880 swing low would break the higher-low sequence
BoC decision Wed 13:45 UTC and US CPI Wed 12:30 UTC could materially shift this read
09:02 UTC
Uptrend, momentum slowing · RSI 61 · price 1.3939
Higher highs and higher lows, consolidating near range top.
USDCAD has carved higher highs and higher lows for three weeks, breaking to 2-month highs near 1.3960 as CAD stayed on the back foot into Wednesday's BoC. Price is now consolidating sub-1.3960 with EMA20 holding above EMA50 — a constructive swing alignment, though the stall under the swing high shows momentum easing. The pullback lows around 1.3888 mark the most recent higher-low.
Support: 1.3888, 1.3805
Resistance: 1.3960, 1.4000
What it said to watch
BoC rate decision Wed 13:45 UTC and US CPI 12:30 UTC are this read's primary catalysts
H4 close above 1.3960 opens the path toward the 1.40 area
Loss of 1.3888 breaks the most recent higher-low and threatens the uptrend structure
09:02 UTC
Uptrend, extending into highs · RSI 61 · price 1.3939
Higher highs and higher lows since early-month low.
USDCAD holds a clean H4 uptrend, posting higher highs and higher lows since the early-month base near 1.3690 — the move accelerated on Friday's hawkish US payrolls (172K vs 85K) that revived dollar resilience while soft oil and crowded CAD shorts kept the Loonie pinned near two-month lows. Price is consolidating just under the 1.3961 week high after the jump off 1.3865, with ATR(14) still elevated, reflecting an expanding trend. EMA20 sits above EMA50, confirming the structure.
Support: 1.3884, 1.3805, 1.3770
Resistance: 1.3961, 1.4000
What it said to watch
H4 close above 1.3961 opens the path toward the 1.4000 round number
Failure to hold 1.3884 swing low would mark the first lower-low and stall the trend
BoC decision and US CPI on Wed could materially shift this read
05:02 UTC
Uptrend, extending · RSI 63 · price 1.39486
Higher highs and higher lows, pressing 2-month high.
USDCAD remains in a clean H4 uptrend, carving higher highs and higher lows since the early-month base near 1.3683, with the latest impulse breaking above the 1.389 consolidation after Friday's hawkish US NFP repricing kept the USD bid. Price is now consolidating just under the 1.3950-1.3961 two-month-high resistance, with EMA20 and EMA50 stacked beneath. ATR holding near 24 pips reflects a steady, non-exhausted trend rather than a blow-off.
Support: 1.3880, 1.3805
Resistance: 1.3961, 1.4000
What it said to watch
BoC decision Wed 13:45 UTC and US CPI Wed 12:30 UTC could materially shift this read
Sustained H4 close above 1.3961 opens the 1.40000 round number
Failure to hold 1.3880 swing low would break the higher-low sequence
05:02 UTC
Uptrend, extending · RSI 64 · price 1.39486
Higher highs and higher lows, fresh 2-month highs.
USDCAD remains in a clean uptrend, printing higher highs and higher lows into fresh 2-month highs after the breakout above the 1.3950 pivot, helped by hawkish-Fed USD strength and a soft, crowded-short CAD. Price is now consolidating just below the 1.39607 week high with momentum still positive and price riding above both EMAs. ATR is moderate — the move is extending rather than compressing.
Support: 1.39264, 1.38805
Resistance: 1.39607, 1.4000
What it said to watch
BoC rate decision Wed 13:45 UTC plus US CPI are the primary risks to this read
Close above 1.39607 week high opens the 1.40000 psych zone
Failure to hold the 1.39264 swing low would break the near-term higher-low sequence
01:02 UTC
Uptrend, extended · RSI 64 · price 1.39577
Higher highs, higher lows since early-month low.
USDCAD has driven to its highest since early April, with a clean sequence of higher highs and higher lows intact since the 1.3773 swing low; Friday's hot US NFP and a firm USD overrode strong Canadian jobs to extend the climb past the 1.3865 breakout shelf. Price is now coiling between 1.3930 and the 1.3960 week high, holding well above both EMA20 and EMA50. Momentum is firm but not yet stretched.
Support: 1.3930, 1.3865, 1.3805
Resistance: 1.3960, 1.4000
What it said to watch
H4 close above 1.3960 opens the path to the 1.4000 round number
Failure to hold 1.3930 marks the first lower-low and breaks the rising support
BoC decision Wed 13:45 UTC and US CPI Wed 12:30 UTC could materially shift this read
01:02 UTC
Uptrend, extending · RSI 64 · price 1.39577
Higher highs and higher lows since early June.
USDCAD remains in a clean H4 uptrend, printing higher highs and higher lows since the early-June base near 1.3770, with the recent breakout above the 1.3900 prior high accelerating the move to multi-month highs around 1.3960. CAD has stayed soft despite firm domestic jobs and rallying oil as hawkish-Fed repricing after the 172K NFP dominates the rate spread. Price is now pressing the 1.3960 cap with EMA20 holding above EMA50.
Support: 1.3930, 1.3900
Resistance: 1.3960, 1.4000
What it said to watch
Sustained close above 1.3960 opens the 1.4000 psych level
Loss of 1.3900 prior-high zone would break the higher-low sequence
BoC decision Wed 13:45 UTC and US CPI Wed 12:30 UTC could materially shift this read