Lower highs and lower lows, consolidating at week lows.
USDCAD has ground lower all week off the 1.419 area, with the dominant leg down coming into the NY session yesterday as soft June US CPI dented the USD and firm crude kept CAD bid. Price broke the 1.4130 zone and now bases between 1.4047 and 1.407, holding below both EMAs while RSI(14) sits near 40. Buyers stepped in twice at 1.4047-1.4055, but each bounce has stalled well under the falling EMA(20).
Support: 1.40473, 1.40541, 1.4030
Resistance: 1.41154, 1.4130
What it said to watch
BoC rate decision + MPR Wed 13:45 UTC and US PPI 12:30 UTC could materially shift this read
Hourly close back above 1.4115 would break the sequence of lower highs
Failure to hold 1.4047 confirms fresh lower lows toward 1.4030
23:02 UTC
Downtrend, consolidating at lows · RSI 39 · price 1.40599
Lower highs, lower lows into a base.
USDCAD has trended lower all week and accelerated through the NY session yesterday, the soft US June CPI print dragging the pair down toward the week low at 1.40473. Price is now basing between 1.4047 and the 1.40730 session high, holding well below EMA20 and EMA50 with RSI(14) pinned near 39. Firm crude and strong Canadian jobs continue to weigh on the pair heading into midweek.
Support: 1.40473
Resistance: 1.4073
What it said to watch
BoC decision + MPR Wed 13:45 UTC and US PPI 12:30 UTC could materially shift this read
H1 close below 1.40473 confirms a lower-low and opens the path lower
Reclaim of 1.40730 session high would ease the downside pressure
USDCAD has trended lower all week, with the dominant leg down driven through the NY session as the soft US June CPI miss undercut the dollar and firmer oil kept the CAD bid. Price broke to 1.4047 before stabilising into a tight 1.4055–1.4074 band, holding well below EMA(20) and EMA(50). RSI(14) is sub-40 but flattening as the sell-off pauses.
Support: 1.40473, 1.40541
Resistance: 1.40741
What it said to watch
BoC rate decision + MPR Wed 13:45 UTC could materially shift this read
USDCAD extended lower through the week, with the sharpest legs during the NY sessions as soft US June CPI undercut the dollar while firm Canadian jobs and rallying oil kept CAD bid. Price is now consolidating in a tight 1.4055–1.4073 band just above the 1.4047 swing low, trading below both EMA(20) and EMA(50). RSI(14) has stabilised in the low-40s after the impulsive sell-off, reflecting waning downside momentum rather than a turn.
Support: 1.40473, 1.40541
Resistance: 1.40732
What it said to watch
BoC rate decision + MPR Wed 13:45 UTC and Warsh testimony 14:00 UTC could materially shift this read
Failure to hold 1.40473 confirms a fresh lower-low
Close back above 1.40732 challenges the lower-high sequence
Lower highs and lower lows, consolidating above the week low.
USDCAD trended lower all week and accelerated after the soft US June CPI print, which hit crowded USD longs; the pair broke the 1.4115 prior support and printed a week low at 1.4047. Price is now consolidating in a tight 1.4055–1.4074 range top, holding below EMA20 and EMA50 with RSI(14) recovering off its lows near 39. The BoC decision Wednesday is the dominant near-term catalyst for the read.
Support: 1.4047, 1.4000
Resistance: 1.4074, 1.4115
What it said to watch
Loss of the 1.4047 week low confirms fresh lower-low continuation
H1 close back above the 1.4074 range top would ease the downside pressure and open 1.4115
BoC rate decision + MPR Wed 13:45 UTC could materially shift this read
21:03 UTC
Downtrend, near week lows · RSI 41 · price 1.40589
Lower highs and lower lows, basing at range floor.
USDCAD extended its slide through the week, with the soft US June CPI print accelerating the USD unwind and driving a sharp break below the 1.4130 support into the 1.4047 week low. Price has since consolidated in a tight 1.4055–1.4075 band well under EMA20 and EMA50, with RSI(14) basing near 40 after the impulse. The 1.4074 prior support now caps rebounds as resistance.
Support: 1.40473, 1.4055
Resistance: 1.4074, 1.4115, 1.4130
What it said to watch
BoC rate decision + MPR Wed 13:45 UTC and Warsh testimony 14:00 UTC could materially shift this read
H1 close back above 1.4074 would ease the downside pressure and reopen 1.4115
Failure to hold 1.4047 week low confirms continuation lower
USDCAD broke down through the 1.4115 shelf during the NY session, printing 1.4047 as soft US June CPI pressured the greenback and oil-firm CAD extended its lead. Price is now consolidating in a tight 1.4055-1.4075 band just above the low, RSI(14) basing near 36 after the impulsive drop. Both EMA20 and EMA50 cap from above with rallies unable to reclaim the broken 1.4115 level.
Support: 1.40473, 1.40541
Resistance: 1.4115, 1.41343
What it said to watch
H1 close above 1.4115 breakdown level invalidates the bearish continuation read
Failure to hold 1.4047 swing low opens the path lower
BoC rate decision + MPR Wed 13:45 UTC could materially shift this read
20:02 UTC
Downtrend, consolidating near lows · RSI 43 · price 1.40673
Lower highs, lower lows; basing after breakdown.
USDCAD has trended lower all week and accelerated into the NY session as soft US CPI pressured the greenback, breaking the 1.41140 shelf and printing a session low at 1.40473. Price now consolidates in a tight 1.40540–1.40740 band below both EMAs with RSI(14) mid-40s. The move is stretched relative to recent range, but structure remains lower highs into the breakdown level.
Support: 1.40473, 1.4054
Resistance: 1.4074, 1.4114, 1.4134
What it said to watch
BoC decision + MPR Wed 13:45 UTC is the dominant risk and could reset this read
H1 close back above 1.41140 would invalidate the breakdown
Loss of 1.40473 confirms continuation to fresh lows
USDCAD sold off sharply through the NY session after the soft US June CPI print, breaking the 1.4134 shelf and printing a 1.4047 swing low as firmer oil and Friday's Canada jobs beat kept the CAD supported. Price now consolidates in the low 1.4060s below both EMAs, with RSI(14) recovering off oversold. The prior 1.4134 breakdown zone caps any recovery attempts.
Support: 1.40473, 1.4000
Resistance: 1.41154, 1.41343
What it said to watch
BoC rate decision + MPR Wed 13:45 UTC could materially shift this read
US PPI Wed 12:30 UTC — another soft print pressures the dollar further
Loss of 1.40473 swing low confirms downtrend continuation toward 1.4000 psych
H1 close back above 1.41154 prior high would ease the bearish structure
USDCAD sold off through the NY session after the soft US June CPI miss, breaking the week's 1.4130–1.4190 range and printing a fresh week low at 1.40473. Price trades below both EMA20 and EMA50 with RSI(14) hovering near the mid-30s, and the shallow bounce off 1.4047 has stalled under 1.4114. The move sits against a CAD already firm on oil strength and last week's jobs beat.
Support: 1.40473, 1.40541, 1.4000
Resistance: 1.4114, 1.4134, 1.41893
What it said to watch
BoC rate decision + MPR Wed 13:45 UTC could materially shift this read
Failure to hold 1.40473 confirms continuation of the lower-low sequence
H1 close back above 1.41140 would neutralise the range-break read
USDCAD sold off through the week, accelerating on the soft US June CPI miss with CAD also firm on oil strength; the pair broke the 1.4115 shelf and printed a week low at 1.40473. Price is now basing between 1.4054 and the session high at 1.4073, holding well below EMA20 and EMA50 with RSI(14) recovering off oversold. The pre-drop high at 1.41337 caps the broader move.
Support: 1.40473, 1.40541
Resistance: 1.40729, 1.41154, 1.41337
What it said to watch
BoC rate decision + MPR Jul 15 13:45 UTC (HIGH) — statement tone is the swing factor
US PPI batch Jul 15 12:30 UTC and Warsh testimony 14:00 UTC could reprice USD
H1 close back above 1.41154 prior high would neutralise the downtrend read
Failure to hold 1.40473 week low confirms continuation lower
18:02 UTC
Downtrend, extended · RSI 37 · price 1.40686
Successive lower highs and lower lows.
USDCAD sold off through the NY session, breaking the 1.41045 shelf and printing a fresh low at 1.40473 as soft US June CPI undercut the hike narrative while firm oil kept the CAD bid. Price sits below both EMA(20) and EMA(50) with RSI(14) near oversold; the bounce off the low into this session's close remains shallow and below broken support.
Support: 1.40541, 1.40473
Resistance: 1.41045, 1.41343
What it said to watch
BoC rate decision + MPR Wed 13:45 UTC could materially reshape this read
Reclaim of 1.41045 would ease the breakdown pressure
Failure to hold 1.40473 confirms continuation of the lower-low sequence
USDCAD sold off hard through the NY session after the soft US June CPI print undercut the hawkish Fed repricing, driving the pair below the 1.4150 range floor to a fresh week low near 1.4047. Price trades below EMA20 and EMA50 with RSI(14) in oversold territory after two large impulsive down-bars; the 1.4114 zone that capped the last bounce is now the immediate ceiling. CAD strength on firm oil and last week's jobs beat is compounding the move.
Support: 1.4047, 1.4050
Resistance: 1.4114, 1.4125, 1.4150
What it said to watch
BoC rate decision + MPR Wed 13:45 UTC could materially shift this read
US PPI tomorrow 12:30 GMT could revive the USD-hawkish trade
H1 close back above 1.4114 would ease the bearish momentum
Failure to hold 1.4047 opens the path lower toward 1.4075's mirror
USDCAD broke sharply lower through the NY session, sliding from the 1.4130 shelf to a fresh week low at 1.4047 as the dollar was sold after the soft US June CPI print. Price sits well below EMA(20) and EMA(50) with RSI(14) pressed into the low-30s, and buyers have so far defended 1.4047 on the last few bars. The bounce remains shallow with 1.4073 capping the recovery attempt.
Support: 1.4047, 1.4000
Resistance: 1.4073, 1.4114, 1.4134
What it said to watch
H1 close below 1.4047 confirms continuation of the lower-low sequence
Reclaim of 1.4114 needed to neutralise the downside break
BoC rate decision + MPR Wed 13:45 UTC and US PPI tomorrow could materially shift this read
USD/CAD broke the 1.4130 support zone and extended to a fresh week low at 1.4047, pressured by the soft US June CPI capping the dollar and a firm CAD on strong jobs and the oil bid. Price sits well below EMA(20) and EMA(50) with RSI(14) near oversold after four straight down sessions. The late bounce to 1.4069 is shallow against the broken 1.4130 shelf now acting as resistance.
Support: 1.40473, 1.4000
Resistance: 1.41138, 1.4130
What it said to watch
BoC rate decision Wed 13:45 UTC could materially shift this read
Reclaim above 1.41138 would ease the downside pressure
Loss of 1.40473 confirms a lower low toward the 1.4000 round number
USDCAD extended lower through the NY session as the soft US June CPI print capped the dollar and firm CAD kept pressure on. The 1.4130 support zone gave way, printing a fresh week low at 1.40473 with RSI(14) dipping into oversold near 31. Price is trading well below both EMA(20) and EMA(50), which have capped every pullback this week.
Support: 1.40473, 1.40514
Resistance: 1.41154, 1.4130
What it said to watch
H1 close back above 1.41300 would invalidate the breakdown read
Failure to hold 1.40473 confirms continuation of lower lows
BoC decision + MPR Wed 13:45 UTC and US PPI Tue 12:30 UTC could materially shift this read
USDCAD sold off through the NY session after the soft US June CPI print gutted the hawkish-Fed narrative, breaking the 1.4114 shelf and printing a fresh low at 1.4051. Price is trading well below EMA20 and EMA50 with RSI near 31, reflecting the one-directional slide, while an oil-led CAD bid adds to the pressure. The week's dominant move has been this stepped decline from the 1.4189 open.
Support: 1.40514, 1.4000
Resistance: 1.4114
What it said to watch
Hourly close back above 1.4114 negates the breakdown read
Failure to hold 1.4050 opens the path to 1.4000
BoC decision + MPR Wed 13:45 UTC could materially shift this read
USDCAD sold off hard through the NY session, breaking the week's 1.4130-1.4160 base after soft US June CPI removed the rate-hike fuel and an oil-led CAD bid pressed the pair lower. Price is trading well below both EMAs with RSI(14) pinned near 25, deeply oversold as the decline extends toward the 1.4050 session low. The move accelerated on the 1.4030 marubozu candle that broke 1.4110 support.
Support: 1.40514, 1.4013, 1.40732
Resistance: 1.4115, 1.41338, 1.41588
What it said to watch
H1 close back above 1.4115 would neutralise the breakout read
Sustained loss of 1.4050 opens the 1.4013 psych level
BoC decision Wed 13:45 UTC could materially shift this read
USDCAD has trended lower all week from Monday's 1.4196 open, with the decline accelerating in the NY session as the soft US June CPI print undercut the hawkish-Fed rally. Price snapped through the 1.4128-1.4134 floor and printed a fresh session low at 1.4054 before basing near 1.4067; RSI(14) sits in oversold territory around 31 and both EMAs cap price overhead. The 1.4114 hourly high is the first reference, with 1.4134 now acting as broken support turned resistance.
Support: 1.4054, 1.4081, 1.4000
Resistance: 1.4114, 1.4134
What it said to watch
BoC decision Wed 13:45 UTC could materially shift this read
Warsh testimony at 14:00 UTC is an imminent swing factor after the soft CPI
A break below 1.4054 opens the path toward the 1.4000 psych level
Reclaim of 1.4114 would question the downside momentum
14:02 UTC
Downtrend, accelerating · RSI 30 · price 1.40669
Lower highs, fresh weekly low.
USDCAD broke down through this week's range as June CPI landed broadly soft and unwound the USD rally, with CAD also firm on the Hormuz-driven oil bid. The pair sliced through 1.4130 support and printed a fresh weekly low at 1.40541 into the NY session, closing on its lows with RSI stretched into oversold territory. Price sits well below both EMA20 and EMA50, and each bounce this session has been sold.
Support: 1.40541, 1.4050
Resistance: 1.41138, 1.4130
What it said to watch
A close back above 1.41138 would stall the decline
Warsh testimony (14:00 UTC) could shift USD sharply; BoC decision Wed is the next major event
13:03 UTC
Downtrend, accelerating · RSI 30 · price 1.40693
Lower highs, fresh breakdown.
USDCAD sold off hard into the NY session, breaking the 1.4114 shelf and printing a session low at 1.4054 as CAD stayed firm on the oil surge and resilient jobs data — the pair is tracking its first weekly loss in six. Price holds below both EMAs with RSI(14) pressed into oversold near 29. Prior support at 1.4134 now caps as overhead resistance.
Support: 1.4054, 1.4050
Resistance: 1.4114, 1.4134
What it said to watch
BoC rate decision tomorrow 13:45 UTC could reset this read
H1 close back above 1.4114 would ease the breakdown pressure
Failure to hold 1.4054 / 1.4050 psych confirms a lower low
USDCAD broke down through the 1.4130 range floor during the NY session and extended to a fresh swing low at 1.4054 as the dollar softened following the in-line/soft US June CPI print. Price now trades well below EMA20 and EMA50 with RSI(14) pressed into oversold, and the earlier 1.4130-1.4155 range has flipped to overhead resistance. CAD strength on the oil surge adds a tailwind to the move.
Support: 1.40541, 1.4000
Resistance: 1.4114, 1.4130, 1.4155
What it said to watch
BoC rate decision Wed 13:45 UTC could materially shift this read
Reclaim of the 1.4114 prior low would ease the breakdown
Hourly close back above 1.4130 range floor invalidates the range break
12:02 UTC
Downtrend, bounce off lows · RSI 42 · price 1.41149
Lower highs, fresh weekly low then recovery.
USDCAD extended its slide into a fifth session on oil-led CAD strength, breaking the 1.41343 shelf and printing a fresh weekly low at 1.40811 during the NY hours before a recovery back to 1.411. Price sits below both EMA(20) and EMA(50) with RSI(14) basing near 40, and the bounce off the low shows early bullish divergence against the lower-high structure. US CPI is due within the hour, the immediate driver for the USD leg.
Support: 1.40811, 1.41014
Resistance: 1.41343
What it said to watch
US CPI (12:30 UTC) is the near-term driver for the USD leg
BoC rate decision Wed 13:45 UTC could reprice the CAD leg
Reclaim of 1.41343 would negate the breakdown read
Failure to hold 1.40811 confirms continuation of the downtrend
12:02 UTC
Downtrend, bouncing off lows · RSI 42 · price 1.41149
Lower highs, fresh weekly low.
USDCAD extended its fifth-straight session decline this week, oil-led CAD strength driving the pair through the 1.4135 prior low and into a sharp flush toward the 1.40811 swing low before buyers stepped in. Price is trading below both EMA(20) and EMA(50) with RSI(14) recovering off oversold territory after the drop. The 1.4135 area now caps as resistance, with a stack of lower highs across the week keeping structure heavy.
Support: 1.40811, 1.4075
Resistance: 1.4135
What it said to watch
US June CPI at 12:30 UTC could materially shift this read
BoC rate decision Wed 13:45 UTC is a key swing factor for CAD
H1 close back above 1.4135 would neutralise the fresh lower-low
Loss of 1.40811 confirms downtrend continuation toward 1.4075
USD/CAD accelerated lower into the NY session, breaking the 1.4130 shelf and printing a fresh week low at 1.4081 before recovering to 1.4107 — the move reflects oil-led CAD strength with the USD leg squaring ahead of US CPI. Price trades below both EMA20 and EMA50 with RSI sub-40, keeping the downtrend intact. The broken shelf near 1.4134 now caps as resistance, with 1.4150 the prior-high ceiling.
Support: 1.40811, 1.4100
Resistance: 1.4134, 1.4150
What it said to watch
US CPI at 12:30 GMT could materially shift this read
USDCAD extended its multi-session slide, breaking below the 1.4130 pivot into NY hours and printing a fresh weekly low at 1.4081 before a modest bounce back near 1.4107. Price sits below EMA20 (~1.4140) with RSI(14) recovering off its low, while each rally this week has capped under descending highs. CAD strength has been oil-led as WTI held firm on Hormuz headlines.
Support: 1.40811, 1.4075
Resistance: 1.4130, 1.4140
What it said to watch
US CPI at 12:30 GMT could materially shift this read
H1 close below 1.4081 confirms continuation of the lower-low sequence
Reclaim of the 1.4130 pivot would neutralise the breakdown
10:02 UTC
Downtrend, accelerating · RSI 31 · price 1.40849
Lower highs, fresh lower low.
USDCAD broke to fresh weekly lows during the London session, sliding off the 1.4130 shelf that had held since Monday's open toward 1.4081 as oil-led CAD strength dominated. Price trades below both EMA(20) and EMA(50) with RSI(14) pressing oversold after the impulsive leg down. The prior consolidation floor near 1.4134 now caps the move as resistance.
Support: 1.40811, 1.4075
Resistance: 1.41337
What it said to watch
H1 close back above 1.41337 negates the breakdown
US CPI at 12:30 GMT could sharply move the USD leg
USDCAD has ground lower all week as oil-led CAD demand and last Friday's jobs beat kept the loonie firm, with price sliding beneath EMA20 and EMA50. The 1.41300 range base gave way in the last few hours, extending the drop to a fresh low at 1.40811 with RSI in oversold territory. Sellers pressed through prior support at 1.41045, which now sits as the nearest overhead reference.
Support: 1.40811, 1.4075, 1.4000
Resistance: 1.41045, 1.41316
What it said to watch
H1 close back above 1.41045 would ease the breakdown and reopen the 1.41316 range base
Failure to hold 1.40811 confirms continuation toward the 1.40750 support zone
BoC rate decision and US CPI are imminent risks that could materially shift this read
USDCAD sliced through the 1.4130 support and is printing a fresh week low at 1.40878 into the NY session, with CAD carried by the oil surge after Hormuz headlines. Price trades well below EMA20 and EMA50 and RSI(14) has pushed into oversold as the drop accelerated in the last three bars. The 1.4130 shelf now sits as resistance overhead.
Support: 1.4075, 1.4000
Resistance: 1.4130
What it said to watch
BoC decision Wed 13:45 UTC could materially shift this read
Since Monday's open near 1.41492 the pair chopped inside a 1.413-1.417 band before losing the floor and accelerating lower into NY hours, printing a session low at 1.40878. The move fits the CAD-supportive backdrop of oil strength and Friday's jobs beat, with price trading well below EMA(20) and EMA(50) and RSI(14) pressed into oversold. Prior support at 1.4130 now caps as the nearest overhead reference.
Support: 1.40878, 1.4075
Resistance: 1.4130, 1.41492
What it said to watch
US June CPI at 12:30 UTC could materially shift this read
An H1 close back above 1.4130 would neutralise the range break
Failure to hold 1.40878 opens the path toward the 1.4075 round number
BoC decision Wed 13:45 UTC is a known event risk into tomorrow
USDCAD ground lower all week beneath descending EMA(20), with CAD firm on the oil surge, then cracked the 1.4130 support in the London session with a sharp drop to 1.41014 before closing at 1.41046. RSI(14) is oversold near 30 after the impulse, and price now sits on the 1.4100 round number with the prior support at 1.4130 flipped to resistance. BoC rate decision Wednesday is the near-term risk to this read.
Support: 1.4100, 1.4075
Resistance: 1.4130, 1.4149
What it said to watch
Sustained trade below 1.4100 opens the path to the 1.4075 downside area
Reclaim of 1.4130 prior support would neutralise the downside break
BoC decision Wed 13:45 UTC could materially shift this read
USDCAD has ground lower all week, with CAD firm on the WTI surge from Hormuz tensions and Friday's jobs beat keeping the pair pinned below EMA(20). A tight consolidation around 1.4130 broke down on the latest bar, dropping through the round number toward 1.41000 as RSI slid into oversold territory. Price sits well below both the weekly open near 1.4149 and the declining EMAs.
Support: 1.4100, 1.4075
Resistance: 1.4134
What it said to watch
US June CPI at 12:30 UTC is a near-term binary that could reset this read
H1 close back above 1.41340 negates the breakdown; loss of 1.41000 confirms the lower-low toward 1.40750
07:02 UTC
Downtrend, pressing lows · RSI 41 · price 1.41337
Lower highs into support cluster.
USDCAD has ground lower since the weekly open near 1.4149, printing successive lower highs and now testing the 1.4128 swing-low cluster, with CAD underpinned by the oil bid noted in the macro read. Price sits below both EMA20 (~1.4143) and EMA50, and RSI(14) is subdued in the low 40s, consistent with the downside drift. The 1.4128 shelf has held three probes into the late Asia hours.
Support: 1.4128, 1.4117
Resistance: 1.4143
What it said to watch
Sustained H1 close below 1.4128 confirms a lower-low and exposes 1.4117
Reclaim of EMA20 at 1.4143 would neutralise the lower-high sequence
BoC statement Wed 13:45 UTC could materially shift this read
USDCAD has drifted lower since Monday's open, printing lower highs into each NY session as the oil-led CAD bid weighs. Price is grinding along the 1.41280 session low with EMA(20) near 1.41425 capping the last two bounces. Small-bodied candles into the current level show momentum fading rather than fresh selling.
Support: 1.41282, 1.41247
Resistance: 1.41425
What it said to watch
H1 close above 1.41425 (ema20) would challenge the downtrend
Loss of 1.41247 confirms a fresh lower-low
US CPI at 12:30 UTC is the day's binary — could reset this read
06:02 UTC
Downtrend, grinding lower · RSI 37 · price 1.4130
Lower highs into week low.
USDCAD has slid for a fifth straight session, oil-led CAD strength keeping price pinned under EMA20/50 with RSI(14) subdued in the high-30s. Lower highs since Monday's open have capped every bounce below 1.4150, and price is now pressing the 1.4128 swing low ahead of the week low at 1.4117. Momentum is one-directional but ranges have compressed into the Asia session, typical of a pause before today's US CPI.
Support: 1.4128, 1.4117, 1.4100
Resistance: 1.4150
What it said to watch
US June CPI at 12:30 GMT could materially shift this read
Close below 1.4117 confirms a fresh lower-low
Hourly close above 1.4150 breaks the sequence of lower highs
USDCAD has ground lower since Monday's open, oil-led CAD strength into the BoC hold keeping the pair pinned below EMA(20) and EMA(50). Price is basing near 1.4130 after a slow drift off the 1.4174 area, with RSI(14) parked in the low 40s. Sellers keep capping the lower-high sequence into each session.
Support: 1.4128, 1.4117
Resistance: 1.4155, 1.4174
What it said to watch
H1 close above 1.4155 breaks the lower-high sequence and invalidates the downtrend read
Failure to hold 1.4117 confirms a fresh lower-low
US June CPI at 12:30 GMT could materially shift this read via USD flow
05:03 UTC
Downtrend, at support · RSI 36 · price 1.4131
Lower highs, pressing weekly low.
USDCAD has ground lower all week, sitting on the 1.4130 support pivot after a fifth straight down leg — CAD firm on the Hormuz-driven oil spike and Friday's jobs beat. Price is pinned below EMA(20) and EMA(50) with RSI(14) in the mid-30s and pullbacks capped by a descending line of lower highs into the NY session. Momentum is stretched to the downside but not yet oversold at this test of the level.
Support: 1.4130, 1.4075
Resistance: 1.4155
What it said to watch
Sustained H1 break below 1.4130 opens the path to 1.4075
Close back above 1.4155 negates the lower-high sequence
BoC rate decision Wed 13:45 UTC could materially shift this read
05:03 UTC
Downtrend, at support · RSI 38 · price 1.4131
Lower highs, lower lows into 1.4130.
USDCAD has trended lower since Monday's open, a fifth straight down leg as CAD firmed on the Hormuz-driven oil spike and Friday's jobs beat. Price sits below EMA20 and EMA50 with RSI(14) in the mid-30s, now pressing the 1.4130 pivot after tagging a swing low at 1.4117 mid-week. Rallies have capped along a descending lower-high line, keeping the week's structure heavy.
Support: 1.4130, 1.4117, 1.4075
Resistance: 1.4174
What it said to watch
H1 close below 1.4130 opens 1.4075 then toward 1.3950
Reclaim of 1.4174 challenges the lower-high structure
BoC rate decision Wed 13:45 UTC could materially shift this read
04:02 UTC
Downtrend, testing support · RSI 36 · price 1.41311
Lower highs, probing week low.
USDCAD has ground lower all week, extending Friday's post-jobs-beat slide as the WTI/Hormuz oil premium kept CAD firm; the pair has printed a fifth down leg and now sits at the 1.4130 pivot after an early Monday pop to 1.4171 faded through the session. Price holds below EMA20 and EMA50 with RSI(14) cycling in the mid-30s, and each rally into the descending resistance has been capped. The 1.41171 week low is the last structural floor before 1.4075.
Support: 1.41171, 1.4075
Resistance: 1.41586, 1.4171
What it said to watch
H1 close below 1.41171 confirms a lower low, opens 1.4075
US June CPI 12:30 UTC could shift this read sharply
BoC decision Wed 13:45 UTC is a key event risk for the pair
Sustained move back above 1.41586 session high would neutralise the lower-highs read
04:02 UTC
Downtrend, pressing support · RSI 36 · price 1.41311
Lower highs into 1.4130 support.
USDCAD has ground lower all week beneath EMA(20), extending a fifth down-leg as CAD firmed on last Friday's jobs beat and the oil surge. Price is now sitting on the 1.4130 pivot flagged by SocGen, with RSI(14) mid-30s and lower highs capping every bounce. The 1.4117 swing low from earlier in the window is the last barrier before the 1.4075 zone.
Support: 1.4130, 1.4117, 1.4075
Resistance: 1.4155
What it said to watch
Sustained H1 close below 1.4130 opens the path to 1.4075
Reclaim of 1.4155 week open would negate the lower-high sequence
BoC decision Wednesday 13:45 UTC could materially shift this read
USDCAD has been grinding lower all week, with CAD firm on the Hormuz oil surge and Friday's hot jobs print dragging the pair off the 1.4199 high toward the 1.4130 pivot. Price sits below EMA(20) and EMA(50) with RSI(14) hovering in the low 40s; the 1.4130 area has absorbed repeated tests without a clean break. Rallies into 1.4172 have been sold twice, keeping the lower-high sequence intact.
Support: 1.4130, 1.41171
Resistance: 1.4172, 1.4199
What it said to watch
Sustained H1 close below 1.41171 confirms a fresh lower low toward 1.4075
Reclaim of 1.4172 negates the lower-high sequence
BoC decision tomorrow 13:45 UTC could materially shift this read
03:02 UTC
Downtrend, pressing support · RSI 41 · price 1.41328
Lower highs, near week low.
USDCAD is grinding lower for a fifth day, pressing the three-week low near 1.4113 as CAD stays firm on the Hormuz-driven oil surge and last week's jobs beat. Price sits below both EMA20 and EMA50 with RSI(14) sub-45; the weekly open at 1.4149 has capped every bounce since the Monday session reopen. The 1.4130 pivot is the immediate battleground into a BoC hold that is fully priced.
Support: 1.4113, 1.4100, 1.4075
Resistance: 1.41492
What it said to watch
Sustained break of 1.4113 opens the path toward 1.4075
H1 close above 1.4149 weekly open eases the downside pressure
BoC decision tomorrow and US CPI could materially shift this read
USD/CAD has extended lower through this-week's window, pressing a fifth session of CAD strength off Friday's jobs beat and the WTI surge on Hormuz supply risk. Price trades below EMA20/EMA50 with rallies capped at 1.41692 into the NY session, and now sits just above the 1.4130 support flagged in the market. RSI(14) near 41 reflects the persistent downside grind without yet reaching oversold.
Support: 1.4130, 1.41171, 1.41075
Resistance: 1.41692
What it said to watch
H1 close below 1.4130 opens the path to 1.41171 then 1.4075
Reclaim of 1.41692 would break the sequence of lower highs
BoC decision Wed and US CPI Tue could materially shift this read
USDCAD has ground lower all week from the 1.4196 weekly open, a fifth straight decline as WTI's surge and Friday's Canadian jobs beat underpin the Loonie. Price found demand at 1.41171 into Friday's NY session and has since chopped in a 1.41171–1.41595 band below EMA20/EMA50. The last few bars are drifting back toward the lows with RSI hovering near 42.
Support: 1.4132, 1.41171
Resistance: 1.41595, 1.41959
What it said to watch
H1 close below 1.41171 confirms a lower-low and reopens 1.4075
Reclaim of 1.41595 would break this week's lower-highs sequence
US CPI Tue and BoC decision Wed are the cross-risks that could break the range
01:03 UTC
Downtrend easing into consolidation · RSI 45 · price 1.41464
Range-bound after this-week decline.
USDCAD slid from the 1.4200 weekly open toward the 1.4117 week low through Monday-Tuesday, extending the CAD strength seen after Friday's Canada jobs beat and firmer oil. Since then price has based and chopped between the prior low near 1.4130 and the 1.4170 cap, with RSI(14) mid-range and price pinned just under EMA(20) and below EMA(50). Two-way flow dominates with traders sidelined ahead of Wednesday's BoC.
Support: 1.4130, 1.41171
Resistance: 1.4170, 1.4200
What it said to watch
H1 close above 1.4170 cap opens a retest of the 1.4200 weekly open
Loss of 1.4130 prior low reopens the 1.4117 week low
BoC hold and statement tone Wed 13:45 UTC could break this range
01:03 UTC
Downtrend easing into consolidation · RSI 48 · price 1.41464
Range after this week's slide, holding low band.
USDCAD extended last week's slide from the 1.4200 open down to 1.4117 before stabilising; since this week's open near 1.4149 price has chopped in a tight 1.4127–1.4170 band, pinned to the H1 EMA20 with RSI cycling mid-range. Friday's firm Canadian jobs beat drove the initial leg lower and the pair has since drifted sideways with oil-driven two-way flow. The 1.4170 week high has capped attempts while 1.4127 is defining the floor.
Support: 1.4127, 1.41171
Resistance: 1.41705, 1.4200
What it said to watch
H1 close above 1.4170 opens the path back toward the 1.4200 prior open
Loss of 1.4127 reopens the 1.4117 prior low
BoC decision Wed 13:45 UTC is the swing catalyst for this range
USDCAD opened the week near 1.4200 and sold off through Monday to a 1.4117 week low after Friday's firm Canadian jobs beat kept the Loonie bid. Price has since churned in a 1.4130–1.4172 band, reclaiming both short EMAs with RSI(14) cycling back to mid-range. The bounce off 1.4117 twice frames a base, but 1.4172 has capped the recovery ahead of Wednesday's BoC hold.
Support: 1.4130, 1.41171
Resistance: 1.4172, 1.4200
What it said to watch
H1 close above 1.4172 opens the path back toward the 1.4200 weekly open
Loss of 1.4130 range floor reopens the 1.4117 week low
BoC decision Wed 13:45 UTC — statement tone is the range-break catalyst
00:02 UTC
Downtrend early week, now ranging · RSI 50 · price 1.41512
Range after impulsive leg down.
USDCAD sold off from 1.4208 into Tuesday's session to a week low at 1.4117 as CAD firmed on Friday's jobs beat and oil support, then settled into a 1.4127-1.4170 range. Price sits mid-range near the 38.2% retrace of the week's down leg, hugging EMA20 while capped below EMA50. RSI(14) is neutral around 50 with no fresh momentum either way into midweek.
Support: 1.41275, 1.41171
Resistance: 1.4170, 1.4189
What it said to watch
H1 close above 1.4170 invalidates the range read and reopens the swing high at 1.4189
Break below 1.4117 week low confirms a lower low
BoC rate decision Wed 13:45 UTC — statement tone could break the range