19:34 UTC
Broad range, pushing upper bound · RSI 67 · price 1.41225
Range 1.35-1.42 since mid-2025, testing top.
USDCAD peaked at 1.4793 in Q1 2025, sold off to a 1.3481 base by late 2025, and has since carved a broad range between roughly 1.35 and 1.42. Price now sits at the upper bound at 1.4123 after a multi-week climb, lifted by a hawkish-Fed dollar at 13-month highs and softer oil. Price holds above a rising W1 EMA(50), and the 1.4159 prior high is the line that defines whether this is range-top rejection or a fresh leg higher.
Support: 1.4000, 1.3481
Resistance: 1.4159, 1.4480
What it said to watch
- Weekly close above 1.4159 opens the path toward 1.4480
- Failure to hold 1.4000 keeps the broad range intact
- Canada CPI Mon 12:30 UTC could materially shift this read