19:04 UTC
Range-bound, rolling over from 1.43 highs · RSI 45 · price 1.39552
1.35–1.43 range, higher lows since Jan, possible double top.
USDCAD has been range-bound between 1.3481 and 1.4299 since mid-2025. Inside that range it has printed higher lows from the January base, and the October rejection leaves a possible double top at 1.4248/1.4299. Three straight lower weekly closes have taken price back to the W1 EMA(50) at 1.3928. $103+ WTI and a hawkish BoC are lifting CAD while softer US yields weigh on USD. Just below sit the 50% fib of the Jan–Oct advance at 1.3890 and the rising trendline near 1.3850, with the Aug low at 1.3732 acting as the double top neckline.
Support: 1.3928, 1.3890, 1.3732
Resistance: 1.4000, 1.4140, 1.4299
What it said to watch
- Weekly close below the ema50 and 50% fib at 1.3890 exposes the rising trendline and the Aug low at 1.3732
- Break of the Aug low at 1.3732 would confirm the double top and bring the 1.3481 range floor into view
- Reclaim of the 1.40 psych/ema20 area would neutralise the three-week pullback, with the Nov-25 high at 1.4140 next
- Macklem (Tue Nov 3), US ISM and the midterms could reprice BoC/Fed paths; oil remains the swing factor for CAD