21:02 UTC
Uptrend, extended to 14-month highs · RSI 66 · price 1.41921
Chain of higher highs / higher lows since April.
USDCAD remains in a multi-month uptrend, printing fresh 14-month highs near 1.4248 this week after the breakout above 1.4000 in mid-month accelerated. Price sits above a rising EMA(50), with the leg powered by wider US-Canada yield spreads, hot Canadian May CPI and a soft June oil slide. The last two sessions stalled at 1.4248 and eased back toward 1.4180, a shallow pause within the trend.
Support: 1.4180, 1.4140, 1.3950
Resistance: 1.4248
What it said to watch
- Two stalls at 1.4248 mark the near-term cap — area to watch for rejection or break
- Daily close below 1.4140 nov peak support would break the higher-low chain
- Canada GDP MoM Jun 30 could materially shift the read