USDCAD has climbed steadily since the February low near 1.3540, printing a chain of higher highs into the mid-June peak at 1.4248. The advance has stalled over the last three weeks, with price consolidating in a 1.4130–1.4200 band and slipping to a three-week low near 1.4117 after Friday's strong Canadian jobs beat (18.2K vs 10K) firmed the Loonie. Price now sits just below EMA20 but well above a rising EMA50, keeping the broader trend intact while near-term momentum flattens.
Support: 1.4130, 1.4075, 1.3950
Resistance: 1.4248, 1.4200
What it said to watch
Daily close below 1.4130 confirms a lower low and opens 1.4075, then the EMA50 near 1.3950
Reclaim and close above 1.4248 resumes the uptrend structure
BoC decision Wed 13:45 UTC — statement tone is the swing factor for this read
Higher highs into June peak, now consolidating below.
Five-month uptrend off the early-Feb 1.3542 low, price holding above a rising EMA(50) throughout. The rally stalled near 1.4248 in late June and has traded a 1.4130–1.4250 band since, with last week's Canadian jobs beat driving a pullback to 1.4117 — the first weekly loss in six. Price now sits near the 38.2% retracement of the whole swing while daily momentum flattens.
Support: 1.41171, 1.4075, 1.3980
Resistance: 1.4193, 1.42476
What it said to watch
BoC hold Wed 13:45 UTC — statement tone is the swing factor for this range
Daily close below 1.4117 confirms a lower-low and opens 1.4075
Reclaim of 1.4193 puts the 1.4248 june high back in play