USDCAD has run higher all week from Monday's 1.3990 open, the loonie pressured by a hawkish Fed dot-plot and soft oil after the US-Iran de-escalation. Price tagged a fresh week high at 1.4183 before stalling into the weekend gap; it now consolidates just above the 1.4159 prior high with the H1 EMA20 trailing near 1.4148. RSI has cooled off its overbought peak as the advance pauses rather than reverses.
Support: 1.4159, 1.4148, 1.4100
Resistance: 1.4183, 1.4200
What it said to watch
Canada CPI Mon 12:30 UTC is the dominant near-term risk and could materially shift this read
Hourly close back below 1.4159 prior high opens room toward the EMA20
Acceptance above 1.4183 week high extends the run toward 1.4200 psych
Higher highs and higher lows, consolidating under week high.
USDCAD has trended higher all week off Monday's 1.3980 base, driven by the hawkish Fed dot-plot and softer oil weighing on the loonie, tagging a week high at 1.41827. Price is holding above EMA20 with pullbacks shallow, but momentum has flattened in a tight channel near the highs after a small weekend gap that was quickly recovered. RSI on H1 has cooled off the prior extreme into the high-50s as the pair consolidates.
Support: 1.41563, 1.4160, 1.4133
Resistance: 1.41827, 1.4200
What it said to watch
Canada CPI Mon 12:30 UTC (HIGH) could materially shift this read
H1 close above 1.41827 opens the path toward 1.4200
Loss of 1.41563 with EMA20 break around 1.4160 signals a deeper pullback
USDCAD has trended up all week from Monday's 1.3992 open to a fresh 14-month high at 1.41827, driven by the hawkish Fed dot-plot repricing and soft oil/CAD data. Price has since stalled, carving a consolidation between the session low at 1.4156 and the 1.4177 prior high, with RSI(14) easing back from overbought toward 57. EMA20 has tracked the move and sits just under price around 1.4150.
Support: 1.41563, 1.4150, 1.4138
Resistance: 1.41827, 1.4177
What it said to watch
Canada CPI Mon 12:30 UTC (high-impact) could materially shift this read
H1 close above 1.41827 extends the uptrend
Loss of 1.4156 and the EMA20 opens a pullback toward 1.4138
USDCAD has rallied through the week, with the dominant leg coming on Wednesday's hawkish FOMC dot-plot repricing and softer oil weighing on CAD, tagging a week high at 1.41827. Price is consolidating just below that high after a weekend gap, holding above EMA(20) with RSI(14) backing off from stretched levels into the low-50s. Demand has stepped in around 1.41344 on the latest pullbacks, keeping the rising structure intact.
Support: 1.41344, 1.41102
Resistance: 1.41827
What it said to watch
Canada CPI Mon 12:30 UTC (high impact) could materially shift this read
H1 close below 1.41344 swing low confirms a lower-low and breaks the rising structure
Acceptance above 1.41827 week high reopens the upside path
USDCAD has trended higher all week, accelerating after Wednesday's hawkish FOMC dot-plot and extended by a soft CAD data run and sliding oil. The NY session tagged a fresh week high at 1.41827 before fading back under 1.4170, the first clear rejection after a long grind up. Price still holds above EMA(20), keeping the rising channel intact, but the late-session fade signals momentum cooling.
Support: 1.4155, 1.4100, 1.40706
Resistance: 1.41827, 1.4200
What it said to watch
Canada CPI Mon 12:30 UTC (high impact) could materially shift this read
Hourly close back below 1.4155 EMA(20) would break the rising channel
Sustained move above 1.41827 opens the path toward 1.4200 psych
USDCAD has trended higher since Monday's open, with the dominant leg coming in the NY session as the hawkish Fed dot-plot and softer oil pressured CAD; price tagged a fresh week high at 1.41827 before fading. The last bar printed a rejection wick off the highs, but price holds well above EMA(20) near 1.41480 with higher lows intact. RSI(14) has cooled from stretched levels as the advance consolidates beneath the 1.41827 ceiling.
Support: 1.4148, 1.41344, 1.41241
Resistance: 1.41827, 1.41773
What it said to watch
Canada CPI Mon 12:30 UTC could materially shift this read
Failure to hold 1.41480 EMA(20) would test 1.41344 swing low