Higher highs into 14-month highs, consolidating at the top.
USDCAD has ground higher all week, posting fresh 14-month highs at 1.42167 as a hawkish-Fed vs BoC-patience divergence and soft crude kept CAD on the back foot — Tuesday's hot Canada CPI was shrugged off. Price holds above EMA20 with pullbacks shallow, but it is now consolidating just under the week high after the NY session and RSI is elevated. Demand stepped in repeatedly near 1.4185 through the latest sessions.
Support: 1.4185, 1.4170, 1.4150
Resistance: 1.42167, 1.4250
What it said to watch
Sustained H1 close above 1.42167 opens the path toward 1.4250
Loss of 1.4185 prior high would mark the first lower-high of the week
Core PCE Thu 12:30 UTC is the week's main USD catalyst and could shift this read
Oil rebound / US-Iran headlines remain the key CAD driver
USDCAD has ground higher through the week, pressing 14-month highs near 1.4217 as the hawkish-Fed vs BoC-hold divergence and soft crude kept CAD on the back foot — the pair shrugged off Tuesday's hot Canadian CPI. Price holds well above EMA(20) with pullbacks into the NY session repeatedly bought, RSI(14) cycling in the 55-70 zone. The 1.4217 area capped the latest push and is the immediate ceiling.
Support: 1.42012, 1.41856, 1.4150
Resistance: 1.42167, 1.4250
What it said to watch
H1 close above 1.4217 opens the path toward the 1.4250 socgen objective
Failure to hold 1.4200 round number would mark the first lower-high this week
Core PCE Thu 12:30 UTC is the week's main USD catalyst and could materially shift this read
USDCAD has ground higher all week into 14-month highs near 1.4217, with CAD shrugging off a hot domestic CPI as the hawkish-Fed/BoC-hold divergence and soft oil dominate. Price holds above EMA20 and EMA50, and the NY session push extended the move; RSI(14) is elevated but not yet stretched on this timeframe. The 1.4196 EMA20 zone has caught each pullback this week.
Support: 1.4196, 1.4150, 1.4098
Resistance: 1.42167, 1.4250
What it said to watch
H1 close above 1.42167 opens the path toward the 1.4250 objective
Loss of 1.4150 socgen support would break this week's rising structure
Core PCE Thu 12:30 UTC is the week's main USD catalyst and could reset this read
USDCAD has trended higher all week and printed fresh 14-month highs near 1.4217, holding above EMA(20) on every pullback. CAD shrugged off Tuesday's hot CPI as the hawkish-Fed/firm-USD theme and soft crude kept sellers in control. RSI(14) sits in overbought territory after an extended run, with price consolidating just under the 1.4217 high into the close.
Support: 1.4190, 1.41686, 1.4150
Resistance: 1.42167
What it said to watch
Loss of 1.4190 would break the run of higher lows
A close below 1.4150 puts the socgen support band in play
Core PCE Thu 12:30 UTC is the week's main USD catalyst and could shift this read
RSI overbought — a dip below the EMA(20) signals momentum easing
21:02 UTC
Uptrend, extended · RSI 69 · price 1.42093
Higher highs, higher lows; fresh week highs.
USDCAD ground to fresh week highs at 1.42167 through the NY session, holding above EMA20 with each pullback bought — CAD continues to shrug off hot May CPI as the BoC-hold vs hawkish-Fed divergence dominates. Price sits just under the week high after a steady multi-session climb off the 1.41437 Thursday dip and the 1.41686 swing low. Momentum is firm but RSI(14) near 69 leaves the move stretched.
Support: 1.41686, 1.4150, 1.41437
Resistance: 1.42167, 1.4250
What it said to watch
Hourly close above 1.42167 opens the path toward the 1.42500 psych level
Loss of the 1.41686 swing low would mark the first lower-low this week
Failure to hold 1.41500 breaks the rising support line
Core PCE Thu 12:30 UTC is the week's main USD catalyst and could reset this read
21:02 UTC
Uptrend, extended into highs · RSI 71 · price 1.42093
Series of higher highs and higher lows.
USDCAD has ground higher all week, with the NY session driving a fresh leg into 14-month highs at 1.4217 as the dollar held firm on the hawkish-Fed narrative and crude stayed soft. Price sits above EMA20 and EMA50 and pullbacks have repeatedly found buyers near the rising support line, though RSI(14) near 70 flags a stretched move. The 1.41948 swing low marks the first real higher-low to defend.
Support: 1.41948, 1.4180, 1.41437
Resistance: 1.42167, 1.4250
What it said to watch
Close above 1.42167 opens the path toward 1.4250
H1 close below 1.41800 breaks the higher-low sequence
Core PCE Thu (12:30 UTC) is the week's main USD catalyst and could materially shift this read
20:01 UTC
Uptrend, extended · RSI 72 · price 1.42102
Higher highs, fresh 14-month highs.
USDCAD has ground higher all week, riding the hawkish-Fed vs BoC-hold divergence and soft crude to fresh 14-month highs near 1.4217 into the NY session. Price holds well above EMA(20) with each pullback finding the rising support, though RSI(14) above 70 flags the advance is stretched. The 1.4193 prior high now sits beneath price as the first reference on any pullback.
Support: 1.4193, 1.4185, 1.41437
Resistance: 1.42167, 1.4250
What it said to watch
Core PCE Thu could materially shift this read
H1 close back below 1.4193 would break the higher-high sequence
Acceptance above 1.42167 opens the path to the 1.4250 objective
RSI above 70 — area to watch for exhaustion/divergence
20:01 UTC
Uptrend, extended · RSI 71 · price 1.42102
Higher highs, fresh 14-month highs.
USDCAD has ground steadily higher through the NY session to fresh 14-month highs near 1.4217, holding above EMA(20) since Monday's open as CAD lags on the BoC-hold vs hawkish-Fed divergence and soft crude. Tuesday's hot Canadian CPI failed to lift the Loonie, and the breakout above the 1.4185 prior high has held as support on the latest pullback. RSI(14) is pushing into overbought as the move stretches into its upper extension.
Support: 1.4185, 1.41437, 1.4160
Resistance: 1.42167
What it said to watch
H1 close back below 1.4185 would break the higher-low sequence
Loss of 1.41437 swing low negates the breakout read
Core PCE Thu and oil/Iran headlines are the key catalysts that could shift this read
USDCAD is pressing fresh 14-month highs near 1.4214, extending a steady grind higher off the 1.4185 base — USD stayed firm on hawkish-Fed flows while CAD shrugged off this week's hot CPI print. Price has held above EMA20 throughout the advance with RSI(14) elevated near 72, signalling a stretched move. The 1.4200 round level flipped to support on the latest breakout.
Support: 1.4200, 1.4187, 1.4170
Resistance: 1.4250, 1.4285
What it said to watch
Close above 1.4250 opens the path toward the 1.4285 objective
Failure to hold 1.4200 risks a pullback toward EMA20 near 1.4170
Core PCE Thu 12:30 UTC is the week's main USD catalyst and could shift this read
Higher highs and higher lows, fresh 14-month high.
USDCAD has climbed steadily through the week and pushed to fresh 14-month highs near 1.4214 into the NY session, clearing the prior 1.4193 cap as the hawkish-Fed vs BoC-hold divergence and soft crude keep CAD heavy. Price sits well above EMA(20) and EMA(50) with RSI(14) into overbought territory, and the hot Canadian CPI earlier in the week failed to spark any CAD recovery. Pullbacks have been shallow, holding the rising sequence of higher lows since Friday's reopen.
Support: 1.4193, 1.4150, 1.4130
What it said to watch
Sustained hold above 1.4193 keeps the breakout valid; a close back below opens a retest of 1.4150
Stretched RSI raises odds of a corrective dip toward the 1.4150 area
Core PCE Thu is the week's main USD catalyst and could materially shift this read
USDCAD has ground higher all week and broke the 1.4193 14-month high during the NY session, printing fresh tops near 1.4210 — price holding well above EMA(20) and EMA(50) on a hawkish-Fed/soft-oil divergence that has overridden Canada's hot CPI. The advance is steep and RSI(14) is stretched into overbought territory, the kind of extension that often precedes a pause. Former resistance at 1.4193 now flips to a reference support on any pullback.
Support: 1.4193, 1.4150, 1.4130
What it said to watch
Hourly close back below 1.4193 reopens the 1.4150 socgen support
Stretched RSI raises odds of a corrective dip even with trend intact
Core PCE Thu 12:30 UTC is the week's main USD catalyst and could shift this read
18:01 UTC
Uptrend, extended · RSI 74 · price 1.42095
Higher highs into fresh 14-month highs.
USDCAD has trended higher all week, breaking the 1.4193 14-month high and printing fresh highs at 1.42117 into the NY session, with price holding well above EMA(20) and EMA(50). The move is backed by CAD's hawkish-Fed-vs-BoC-hold divergence and soft crude, but RSI(14) above 70 flags an extended tape after a long string of up-bars. The broken 1.4193 high now sits as first support beneath spot.
Support: 1.4193, 1.4150, 1.4130
Resistance: 1.4250
What it said to watch
H1 close back below 1.4193 would mark a failed breakout retest
Sustained rejection at the 1.4250 objective caps the extension
Core PCE Thu 12:30 UTC is the week's main USD catalyst and could shift this read
17:02 UTC
Uptrend, fresh highs · RSI 71 · price 1.42075
Higher highs and higher lows since Monday's open.
USDCAD has graded higher all week from Monday's 1.4025 open, holding above the H1 EMA20 on every pullback as USD/Fed divergence and soft crude kept the bid in place. Yesterday's hot Canadian CPI failed to lift the Loonie, and into the NY session price cleared the 1.4200 psych level to fresh 14-month highs near 1.4208. RSI(14) is elevated near 71 as the breakout extends.
Support: 1.4175, 1.4150, 1.4130
Resistance: 1.4200
What it said to watch
H1 close back below 1.4175 ema20 would break the week's higher-low sequence
Loss of 1.4150 nov peak opens the path back to 1.4130
Core PCE Thu 12:30 UTC could materially shift this USD-led read
USDCAD has ground higher all week off Monday's 1.40251 open, with price now printing fresh 14-month highs above the 1.4193 prior peak after CAD shrugged off a hot CPI beat — BoC-hold versus hawkish-Fed divergence and soft crude keeping the Loonie heavy. Price holds well above EMA20 and EMA50, and pullbacks into the NY session have been shallow, though RSI(14) near 68 and the stretched daily tape flag an extended move. The 1.4250 area is the next upside objective referenced by the digest.
Support: 1.4185, 1.4150, 1.4070
Resistance: 1.42081, 1.4250
What it said to watch
Hourly close back below 1.41850 prior high would break the higher-high sequence
Loss of the rising support line / 1.41500 socgen support would signal a corrective dip
US core PCE Thu 12:30 UTC could materially shift this read
Crude rebound or US-Iran peace stall is the key CAD driver to watch
16:01 UTC
Uptrend, extended · RSI 72 · price 1.41984
Higher highs, fresh 14-month high.
USDCAD has ground higher all week, holding above EMA(20) since Monday's open and clearing the 1.4193 14-month high into the NY session as a firm USD and depressed crude weighed on CAD. RSI(14) sits in the low-70s with price printing a fresh week high at 1.42035, leaving the move stretched even as no reversal structure has formed. Yesterday's hot Canadian CPI was shrugged off, confirming the USD/oil leg is driving the tape.
Support: 1.4193, 1.4170, 1.4150
Resistance: 1.42035, 1.4250
What it said to watch
Hourly close above 1.42035 opens the path toward 1.4250
Failure to hold 1.4193 on a pullback would test EMA(20) near 1.4170
US Core PCE Thu 12:30 UTC could materially shift this read
16:01 UTC
Uptrend, momentum firm · RSI 68 · price 1.41984
Higher highs, fresh 14-month high.
USDCAD has climbed steadily since Monday's open near 1.4025 to a fresh 14-month high at 1.42035, with the latest NY session push clearing prior resistance. The advance tracks a firm USD and depressed crude that overrode a hotter Canadian CPI print this week. Price holds well above EMA20 (~1.4172) with RSI(14) cycling in the upper band as each pullback finds buyers.
Support: 1.4172, 1.41437, 1.4150
Resistance: 1.42035, 1.4200, 1.4250
What it said to watch
Hourly close above 1.42035 week high opens the path toward 1.4250
Failure to hold 1.4150 prior peak would mark the first lower-low of the week
US Core PCE Thu 12:30 UTC could materially shift this read; a soft print risks a long-unwind
Higher highs and higher lows, consolidating below week high.
USDCAD has trended higher since Monday's open, breaking to a fresh 14-month high near 1.4193 as a firm USD and soft oil overwhelmed an above-forecast Canadian CPI print. Price holds above EMA(20) and EMA(50) with RSI(14) cycling in the mid-50s on pullbacks, but the 1.4193 area has capped the last two NY-session attempts and the pair is consolidating just below it. Macklem is speaking live and could inject CAD volatility, with Thursday's US Core PCE the week's main risk.
Support: 1.4153, 1.41437, 1.4137
Resistance: 1.4193, 1.4200
What it said to watch
Hourly close above 1.4193 opens the path toward 1.4250
Failure to hold 1.4153 breaks the rising higher-low structure
Macklem tone today and US Core PCE Thursday could materially shift this read
USDCAD has ground higher all week to 14-month highs near 1.4193, with the hot Canadian CPI beat overridden by a firm USD and soft oil. Price holds above EMA(20) with pullbacks finding the rising higher-low line; the 1.4193 week high has capped the latest NY push and RSI(14) is cycling in the 50–60 band rather than extending. A retest of that high is in play after the bounce off 1.4143.
Support: 1.4172, 1.4150, 1.4143
Resistance: 1.4193, 1.4200
What it said to watch
Hourly close above 1.4193 opens the path toward 1.4250
Failure to hold 1.4143 confirms a lower-low and breaks the rising support line
Macklem remarks and US PMIs in this session could shift the read
13:02 UTC
Uptrend, grinding into highs · RSI 66 · price 1.41869
Higher highs and higher lows, pressing 14-month high.
USDCAD has trended higher all week from the 1.4010 base, holding above its EMA(20) on each pullback as BoC-Fed divergence and soft oil keep the Loonie pinned. The NY session push tagged the 14-month high at 1.4193 but the level has capped progress, with RSI elevated near 66 reflecting how stretched the move is. Demand has stepped in repeatedly around 1.4150, keeping the rising structure intact.
Support: 1.4172, 1.4150, 1.4130
Resistance: 1.4193, 1.4250
What it said to watch
Macklem speech at 13:00 GMT could materially shift this read
H1 close above 1.4193 opens the path toward 1.4250
Failure to hold the 1.4150 swing low would break the higher-low sequence
13:02 UTC
Uptrend, extended near highs · RSI 65 · price 1.41869
Higher highs into 14-month high, grinding ascent.
USDCAD has trended higher since Monday's open, pressing the 1.4193 14-month high on BoC-Fed divergence and soft oil; yesterday's hot May CPI beat (3.2% vs 3.0%) sparked only a brief CAD bounce before the pair returned near the top. Price holds above EMA20 and EMA50 with shallow pullbacks finding the 1.4150 area, RSI cycling in the 60s. Resistance at 1.4193 has capped this week's grind, with 1.4250 the next reference above.
Support: 1.4150, 1.41437, 1.4130
Resistance: 1.4193, 1.4250
What it said to watch
Macklem speech at 13:00 GMT is the immediate catalyst and could shift this read
Clean H1 close above 1.4193 opens the path toward 1.4250
Failure to hold 1.4150 would mark the first lower-low this week
USDCAD has ground higher all week to a 14-month high near 1.4193, holding above EMA(20) on every pullback as broad USD strength and a heavy Loonie dominate despite Tuesday's hot Canadian CPI. RSI(14) sits in the mid-60s, confirming momentum without yet stretching to extremes on this TF. Price is now coiling just under the week high and the 1.4200 round number into the NY session.
Support: 1.4172, 1.4150, 1.4144
Resistance: 1.4193, 1.4200
What it said to watch
Macklem speech 13:00 UTC and US flash PMIs 13:45 UTC could materially shift this read
H1 close above 1.4200 extends the week's uptrend; failure to hold 1.4150 breaks the higher-low sequence
12:01 UTC
Uptrend, grinding to week high · RSI 64 · price 1.41898
Higher highs and higher lows, pressing range top.
USDCAD has extended its multi-day advance into a 14-month high zone, with price grinding back to retest the 1.4193 week high after holding higher lows from the 1.41437 dip. CAD failed to capitalize on yesterday's hot Canadian CPI as the wider BoC-Fed rate gap and broad USD strength dominate; price sits above EMA20 with RSI(14) cycling in the low-60s on each pullback. Resistance at 1.4193 caps the move with the 1.4200 round level just above.
Support: 1.4168, 1.41437, 1.4150
Resistance: 1.4193, 1.4200
What it said to watch
BoC Macklem speech 13:00 UTC and US flash PMIs 13:45 UTC could materially shift this read
H1 close above 1.4193 opens the path to the 1.4200 psych level
Failure to hold the 1.41680 ema20 / 1.41500 consol low would break the higher-low structure
Higher highs/lows since Monday, consolidating under 1.4193.
USDCAD has held an eight-day advance to a 14-month high near 1.4193, with the dollar bid all week on hawkish-Fed pricing and CAD failing to lift off its hot CPI print. Price is pressing the week high again after dips into the 1.4144 swing low were bought during NY hours yesterday; RSI(14) cycling in the low 60s on each pullback, price holding above EMA(20). The 1.4193 area has capped the move twice this week.
Support: 1.4153, 1.41437, 1.4170
Resistance: 1.4193, 1.4200
What it said to watch
Macklem speech 13:00 UTC could materially shift the CAD read
H1 close above 1.4193 opens the path toward 1.4250
US flash PMIs 13:45 UTC could swing the dollar leg
Failure to hold 1.4144 confirms a lower-low
11:01 UTC
Uptrend, grinding into week high · RSI 63 · price 1.41885
Higher highs and higher lows since Monday's open.
USDCAD has climbed steadily since Monday's open, holding above EMA20 on each pullback as CAD failed to capitalise on the hot May CPI and the broad USD bid kept the pair near 14-month highs. Price sits just under the week high at 1.41930 with RSI(14) cycling in the 55-65 band; the pullback low at 1.41437 was bought back. Macklem's framing of the inflation overshoot is the near-term swing factor.
Support: 1.4170, 1.41437, 1.4115
Resistance: 1.4193, 1.4200
What it said to watch
Macklem speech 13:00 UTC could materially shift this read
H1 close above 1.41930 opens the path to the 1.42000 psych level
Failure to hold the 1.41700 ema20 zone exposes the 1.41437 swing low
USDCAD has trended higher all week, climbing from Monday's 1.4010 open toward the 1.41930 week high on the BoC-Fed divergence theme and soft oil; yesterday's hot CAD CPI was shrugged off. Price pulled back to 1.41437 during NY hours then recovered, now consolidating in the upper third of the range above EMA20. RSI(14) sits around 60 after cooling from the mid-week extreme.
Support: 1.4156, 1.41437, 1.4168
Resistance: 1.4193, 1.4200
What it said to watch
Macklem speech 13:00 UTC could materially shift this read
H1 close above 1.41930 week high opens the path toward the 1.4200 psych level
Failure to hold 1.41560 swing exposes the 1.41437 swing low
Higher highs/higher lows, stalling under week high.
USDCAD has trended higher since Monday's open off 1.4002, riding broad USD strength and BoC-Fed divergence — yesterday's hot CAD CPI failed to lift the loonie. The 1.4193 week high has capped the advance, with price consolidating in the 1.4165-1.4187 band into the NY session while holding above EMA20. RSI cycling near 60 shows momentum easing rather than reversing.
Support: 1.4165, 1.4150, 1.41437
Resistance: 1.41867, 1.4193, 1.4250
What it said to watch
Hourly close above 1.41930 week high opens the path toward 1.4250
Macklem speech 13:00 UTC and US PMIs 13:45 UTC could materially shift this read
Failure to hold 1.41500 socgen support exposes the 1.41437 swing low
Higher highs and higher lows, consolidating below week high.
USDCAD has trended up steadily since Monday's open near 1.4000, printing a 14-month-style high at 1.4193 on broad USD strength and CAD weakness despite the hot CPI print. Price is consolidating in the 1.4150-1.4185 band below that high, holding above EMA(20) with RSI(14) cycling in the upper half on each pullback. The 1.4144 swing low has contained dips this week.
Support: 1.4153, 1.41437, 1.4107
Resistance: 1.4193, 1.4200
What it said to watch
BoC Governor Macklem speech at 13:00 UTC could materially shift this read
Close above 1.41930 reopens the path toward 1.42000
Failure to hold 1.41437 confirms a lower-low and breaks the rising support
09:02 UTC
Uptrend, grinding into highs · RSI 61 · price 1.41825
Higher highs and higher lows, stalling below week high.
USDCAD has ground higher all week to 14-month highs as USD strength, soft crude and trade-war pressure overrode a hot Canadian CPI print. Price holds above EMA20 and EMA50, with the 1.4193 week high capping two attempts and price now consolidating in the 1.4150-1.4185 band. RSI(14) is cycling in the 50s-60s on pullbacks, keeping the up-leg intact without stretching.
Support: 1.4168, 1.4150, 1.4130
Resistance: 1.4193, 1.4200
What it said to watch
Hourly close above 1.4193 opens the path to the 1.4200 round number
Failure to hold 1.4150 support points back toward the 1.4130 area
BoC Macklem speech 13:00 UTC and US PMIs 13:45 UTC could materially shift this read
USDCAD has climbed steadily since Monday's open, with the hot Canadian CPI failing to lift the Loonie as firm USD and weak crude dominated. Price marked a 14-month high near 1.4193 before easing into a tight 1.4144–1.4185 consolidation, holding above EMA(20) on each dip. RSI(14) has cooled back to the mid-50s, reflecting the stall just under the week high.
Support: 1.4144, 1.4115, 1.4070
Resistance: 1.4193, 1.4200
What it said to watch
Macklem speech at 13:00 UTC could materially shift the read
H1 close above 1.4193 opens the path toward 1.4250
Failure to hold 1.4144 swing low confirms a deeper pullback
08:02 UTC
Uptrend, consolidating near highs · RSI 58 · price 1.41759
Higher highs/lows, ranging below week high.
USDCAD has run higher all week off the hawkish FOMC and CAD's energy-led CPI being ignored, stretching to a 14-month high at 1.4193 before easing back. Price is consolidating 1.4144–1.4193 with EMA20 near 1.4164 still catching pullbacks and RSI(14) cycling mid-50s — momentum cooled but structure intact. The 1.4193 week high and 1.4200 psych level cap the top; Macklem's speech at 13:00 UTC and US PMIs are the proximate risks.
Support: 1.4164, 1.4144, 1.4130
Resistance: 1.4193, 1.4200
What it said to watch
H1 close above 1.4193/1.4200 extends the uptrend toward 1.4250
Failure to hold the 1.4144 swing low opens 1.4130 support
Macklem speech 13:00 UTC and US PMIs 13:45 UTC could shift this read
07:02 UTC
Uptrend, consolidating near highs · RSI 57 · price 1.41778
Higher highs since Monday, ranging under week high.
USDCAD has trended higher all week from Monday's 1.3997 open to a fresh 14-month high near 1.4193, the CAD ignoring its hot CPI beat as firm USD and a widening rate gap dominated. Price has since coiled in a tight band above the EMA20 (~1.4165), with the 1.4143 swing low holding on the last pullback and RSI cycling back near 57 after the stretched run. The week high at 1.4193 and the 1.4200 psych level cap the topside.
Support: 1.4165, 1.4143, 1.4097
Resistance: 1.4193, 1.4200
What it said to watch
BoC Macklem speech 13:00 GMT today could materially shift this read
H1 close above 1.4200 opens room beyond the week high
Loss of the 1.4143 swing low would mark the first lower-low this week
USDCAD has trended higher all week from Monday's ~1.3999 open, with the dominant leg printed during Tuesday's NY session as broad USD strength and CAD weakness dominated — the loonie shrugging off a hot CPI beat. Price is now consolidating in a 1.4150–1.4193 band just under the 14-month high, holding above EMA20 with RSI cycling in the mid-50s on pullbacks. Demand has stepped in around 1.4150 while 1.4193/1.4200 has capped the move.
Support: 1.4150, 1.4167, 1.4130
Resistance: 1.4193, 1.4200
What it said to watch
Macklem speech at 13:00 GMT could materially shift this read
Close above 1.4200 opens the path toward 1.4250
Failure to hold 1.4150 exposes the 1.4130 support stack
USDCAD has climbed steadily since Monday's open, with the dominant leg coming on the CAD-negative tone after May CPI failed to lift the Loonie and crude slid. Price stalled at the 1.41930 week high and is now consolidating in the 1.4150-1.4180 band, holding above EMA(20) with RSI(14) cooling back toward the mid-50s. The 1.41440 session low marks the base of this week's higher-low structure.
Support: 1.4154, 1.4144
Resistance: 1.4182, 1.4193
What it said to watch
BoC Macklem speech 13:00 UTC could materially shift this read
H1 close above 1.41930 reopens the path higher
Failure to hold 1.41440 breaks the week's higher-low structure
USDCAD has climbed steadily since Monday's open, with CAD the week's weakest major as a hot May CPI was ignored in favour of firm USD, lower crude and a widening Canada-US rate gap. The pair printed a 14-month high near 1.41930 before settling into a 1.4150-1.4190 consolidation; price holds above EMA20 with RSI(14) easing back to mid-range after a stretched run. Pullbacks this week have repeatedly found demand around 1.4150.
Support: 1.4150, 1.41437, 1.4163
Resistance: 1.4193, 1.4200
What it said to watch
BoC Macklem speech 13:00 UTC could reprice CAD and shift this read
H1 close above 1.41930 week high opens the path toward the 1.4200 psych level
Loss of 1.41500 wk support exposes the 1.41437 swing low
USDCAD ran from Monday's ~1.4000 open to a 14-month high near 1.4193 on the hawkish-Fed/weak-CAD theme; yesterday's hot Canadian CPI failed to lift the Loonie. Price has since coiled in a 1.4150-1.4190 range, holding above EMA20 with RSI off its earlier extreme. The dominant push came in the NY sessions of the past two days.
Support: 1.4165, 1.4150, 1.4130
Resistance: 1.4193, 1.4200, 1.4250
What it said to watch
Macklem speech 13:00 UTC and US PMIs 13:45 UTC could materially shift this read
H1 close above 1.4200 opens the path toward the 1.4250 area
Failure to hold 1.4150 exposes 1.4130 and questions the week's rising structure
USD/CAD ran from Monday's 1.3998 open to a 14-month high near 1.4193 as CAD stayed offered — a hot May CPI was ignored while firm USD and a wider rate gap drove the move. Since that high the pair has consolidated in the 1.4150–1.4193 band, holding above EMA20 with RSI back near the midline after stretched readings earlier in the week. Demand has repeatedly stepped in around 1.4150 while 1.4193/1.4200 caps the upside.
Support: 1.4150, 1.4130
Resistance: 1.4193, 1.4200
What it said to watch
Macklem speech 13:00 UTC could materially shift this read
H1 close above 1.4200 opens the path toward 1.4250
USDCAD ran from Monday's 1.3997 open to a 14-month high near 1.4193 on the hawkish-Fed, weak-CAD theme, with the dominant leg driven through the NY session as US data and lower oil overrode a hot Canadian CPI. Price has since stalled, consolidating the 1.4150-1.4190 zone with RSI(14) easing back toward 50. EMA(20) is being respected as a pullback floor and the 1.4193 high caps the move.
Support: 1.4144, 1.4130, 1.3997
Resistance: 1.4193, 1.4200
What it said to watch
BoC's Macklem speech 13:00 UTC is the near-term catalyst and could shift this read
H1 close above 1.4193 opens the path toward 1.4250
USDCAD has held a one-way uptrend since Monday's open, driven by hawkish-Fed USD strength and broad CAD weakness despite the hot Canadian CPI print. Price topped near 1.4193 in the NY session before easing into a 1.4150–1.4190 consolidation, with pullbacks so far finding the rising EMA(20). RSI(14) has unwound from overbought back toward neutral as the move stalls.
Support: 1.41437, 1.4130, 1.4150
Resistance: 1.4193, 1.41867
What it said to watch
Macklem speech 13:00 UTC and US PMIs 13:45 UTC could materially shift this read
H1 close above 1.41930 reopens the uptrend path
Failure to hold 1.41437 confirms a lower-low and breaks the higher-low sequence
USDCAD has climbed steadily since Monday's open to a 14-month high at 1.4193, with the Loonie staying heavy even after a hot Canadian CPI beat as core stayed near target and the BoC-Fed rate gap dominated. Price is now consolidating in the 1.4150-1.4190 band just below that high, RSI(14) cooling back to mid-range as momentum eases. Demand has repeatedly stepped in around the 1.4144 swing low while supply caps the 1.4193 top.
Support: 1.41437, 1.4130
Resistance: 1.4193, 1.4200
What it said to watch
BoC Macklem speech at 13:00 UTC is the key near-term CAD catalyst and could materially shift this read
H1 close above 1.4193/1.4200 extends the uptrend toward 1.4250
Failure to hold the 1.41437 swing low opens the 1.4130 support
USDCAD has run higher since Monday's open, extending an eight-session rally to a 14-month high at 1.4193 before stalling. Yesterday's hot Canadian CPI failed to lift the Loonie, and price is now consolidating in the 1.4144–1.4193 band with RSI cooling back to mid-range. Pullbacks have held the rising EMA20, keeping the broader trend structure intact.
Support: 1.41437, 1.4130, 1.4150
Resistance: 1.4193, 1.4200
What it said to watch
BoC Macklem speech 13:00 UTC could trigger CAD short-covering and a test of 1.4130/1.4150 support
H1 close above 1.4193 week high opens the path toward 1.4250
Failure to hold 1.41437 swing low confirms deeper retracement
USDCAD climbed eight sessions to a 14-month high at 1.4193, fuelled by the hawkish Fed and widening Canada-US rate gap; yesterday's hot Canadian CPI failed to lift CAD. Since tagging that high, price has stalled, slipped back under the EMA20 near 1.4167, and is now consolidating between 1.4150 and the highs through the Asia session. RSI(14) has cooled toward the mid-40s as the rally lost pace.
Support: 1.4150, 1.41437, 1.4130
Resistance: 1.4167, 1.4193
What it said to watch
BoC's Macklem speech at 13:00 UTC is the key near-term CAD catalyst and could shift this read
H1 close below 1.4150 swing low opens the 1.4130 support
Reclaim of 1.4193 week high reopens the broader uptrend toward 1.4250
USD/CAD rallied off Monday's 1.3994 open to a 14-month high at 1.4193, driven by the hawkish Fed repricing and CAD failing to benefit from a hot CPI print yesterday. Since that high price has rolled into a 1.4144-1.4193 consolidation, with RSI(14) cooling back to the mid-50s from overbought and price slipping under EMA(20). The week's impulse remains intact above the rising-lows line.
Support: 1.4144, 1.4130
Resistance: 1.4193, 1.4188
What it said to watch
H1 close above 1.4193 reopens the 1.4250 extension
Loss of 1.4144 swing low confirms a deeper pullback toward 1.4130 support
Macklem speech 13:00 UTC could materially shift the CAD leg
USDCAD rallied eight straight legs from Monday's 1.3994 open into a 1.4193 14-month high, with CAD pinned by the BoC-Fed rate gap and a firm USD near 2025 highs. Since the NY session yesterday price has drifted into a tight consolidation between 1.4144 and the highs, slipping back under EMA20 as RSI cools toward the mid-40s. The 1.4193 week high has capped, while demand has held the 1.4144 swing low.
Support: 1.41437, 1.4133, 1.4070
Resistance: 1.4193, 1.4165
What it said to watch
BoC Gov. Macklem speech Tue 13:00 UTC — key near-term CAD catalyst that could shift this read
H1 close above 1.4193 opens the path toward 1.4250
Failure to hold 1.4144 confirms a lower low and breaks the consolidation
US Flash PMIs Tue 13:45 UTC could reprice USD momentum
USDCAD ran an eight-session climb from Monday's 1.3996 open to a 14-month high at 1.4193, the dominant move printing through last week's NY hours after the hawkish-Fed repricing. Tuesday's hot Canadian CPI failed to lift CAD as core measures stayed near 2%, and price has since drifted into a 1.4150-1.4190 consolidation with RSI cooling back to mid-range. The 1.4193 high has capped the recovery while 1.4150 is holding as near-term support.
Support: 1.4150, 1.41437, 1.4107
Resistance: 1.4193, 1.4200, 1.4250
What it said to watch
Macklem speech Tue 13:00 UTC and US Flash PMIs 13:45 UTC could materially shift this read
H1 close above 1.4193 opens the path to 1.4250
Failure to hold 1.41437 confirms a lower-low and breaks the consolidation
USDCAD has run higher off Monday's 1.3992 open, peaking at the 14-month high of 1.4193 before stalling into the NY-Asia transition. Price has since slipped under EMA20 and is consolidating in the 1.4144-1.4180 band, with RSI(14) cooling toward the mid-40s after the hot Canada CPI beat failed to support the Loonie. The broader rising-low structure off Monday remains intact.
Support: 1.4144, 1.4130, 1.4107
Resistance: 1.4193, 1.4200
What it said to watch
BoC Macklem speech 13:00 UTC could materially shift this read
H1 close above 1.4193 opens the path to 1.4200 and beyond
Failure to hold 1.4144 exposes the 1.4130 support and deeper pullback
USDCAD ran an eight-session climb to a 14-month high at 1.4193 before stalling, with the Loonie pinned by the hawkish-Fed vs patient-BoC rate gap. Since the NY session yesterday price has consolidated 1.4144–1.4192, slipping back below EMA(20) as RSI(14) cooled from overbought toward the mid-40s. The week's higher-low structure off 1.3992 is still intact, but momentum has flattened just under the highs.
Support: 1.41437, 1.4130, 1.4070
Resistance: 1.4170, 1.4193, 1.4250
What it said to watch
H1 close above 1.4193 opens the path toward the 1.4250 extension
Failure to hold 1.41437 confirms a lower-low and a deeper pullback
BoC Macklem speech 13:00 UTC could materially shift this read