USDCAD has trended lower all week, sliding from 1.4123 toward the 1.3991 two-week low as softer US core PCE and a weak Q2 GDP print pressured the Dollar. Since Thursday's flush the pair has consolidated in a 1.399–1.406 band, with the 1.4058 swing high capping the Friday bounce and 1.4000 psychological support holding on the pullbacks. Price sits just under EMA20 with RSI near 45, reflecting a fading downside impulse rather than fresh momentum.
Support: 1.4000, 1.39904
Resistance: 1.40395, 1.40583, 1.4110
What it said to watch
Hourly close above 1.40583 swing high would break the lower-high sequence
Failure to hold 1.4000 psych re-opens the 1.3991 week low
ISM Manufacturing PMI Mon 14:00 UTC could materially shift this read
USDCAD has trended lower since Monday's 1.4123 open, with the dominant leg a sharp NY-session drop Thursday to a 1.3991 two-week low as the USD selloff extended before Friday's stabilization. Price has since based in a 1.4000-1.4050 range, buyers stepping in twice near 1.3990 while the descending sequence of lower highs from 1.4128 still caps rallies. RSI(14) sits in the mid-40s with price pinned below both EMA20 and EMA50.
Support: 1.4000, 1.3991
Resistance: 1.4050, 1.4110
What it said to watch
H1 close below 1.3991 confirms a fresh lower-low and reopens 1.4000 psych break
Reclaim of 1.4050 range top challenges the lower-high sequence
ISM Manufacturing PMI Mon 14:00 UTC could materially shift this read
USDCAD has ground lower since Monday's open, with two sharp legs down — through NY hours mid-week — dragging the pair from ~1.4124 to a fresh weekly low at 1.3990, a broadly USD-led move on soft US data and JPY strength. Price has since based just above the 1.4000 psychological pivot, trading below EMA20 with RSI(14) hovering in the low-40s. The 1.4049 session high has capped the latest bounce.
Support: 1.4000, 1.39904, 1.40012
Resistance: 1.40494, 1.40674, 1.4110
What it said to watch
H1 close below 1.4000 re-opens the 1.3990 weekly low
Reclaim of 1.4049 would challenge the lower-high structure
ISM Manufacturing PMI Mon 14:00 UTC could materially shift this read
USDCAD has trended lower all week from Monday's 1.4124 open, with the sharpest legs driven during NY hours as soft US data and JPY-led USD weakness dragged the dollar broadly. Price printed a six-week low near 1.3990 before stabilising and chopping in a 1.4010-1.4058 band, sitting below EMA20 and EMA50 with RSI(14) cycling in the low-40s. The 1.4000 psychological pivot has capped the downside on the latest slide back from 1.4058.
Support: 1.4000, 1.3990, 1.4013
Resistance: 1.4058, 1.4050, 1.4110
What it said to watch
H1 close below 1.4000 re-opens the 1.3990 weekly low
Reclaim of 1.4050 needed to challenge the week's lower-high structure
ISM Manufacturing PMI Mon 14:00 UTC could materially shift this read
USDCAD has trended lower all week from Monday's 1.412 open, the drop USD-led on soft US GDP and suspected yen intervention rather than CAD strength. The pair sold off through the NY session into a six-week low near 1.3990 and has since consolidated in a 1.4000-1.4050 band, capped by supply at 1.4049 and holding the 1.4000 psychological mark. Price sits below both EMA(20) and EMA(50) with RSI(14) cycling in the mid-40s.
Support: 1.4000, 1.39904
Resistance: 1.40494, 1.40674, 1.4110
What it said to watch
Sustained H1 close below 1.4000 confirms continuation toward the 1.3990 six-week low
Reclaim of 1.4050 lower-high shifts the near-term structure
ISM Manufacturing PMI Mon 14:00 UTC could materially shift this read
Consolidation above 1.4000 after sweep of week's low.
USDCAD ground lower through the week, sliding from the 1.4120 open toward a 1.3990 six-week low as the dollar sold off after Thursday's soft US GDP and core PCE prints. Buyers stepped in twice near 1.3990, forming a double bottom, and price has since recovered back above the 1.4000 psychological mark, now hugging EMA(20) with RSI(14) cycling back to the mid-line. The 1.4050 prior high has capped the bounce so far.
Support: 1.4000, 1.3990, 1.4022
Resistance: 1.4050, 1.4110
What it said to watch
H1 close below 1.4000 reopens the 1.3990 weekly low
Reclaim of 1.4050 challenges the week's descending highs toward 1.4110
ISM Manufacturing Mon could shift the USD tone materially
17:02 UTC
Downtrend, consolidating at lows · RSI 52 · price 1.40288
Lower highs into a base above 1.4000.
USDCAD ground lower all week from Monday's 1.412 open, accelerating into Thursday's slide to a six-week low near 1.3990 as the USD complex sold off on soft US GDP/PCE and suspected JPY intervention. Price has since based above the 1.4000 psychological mark, twice defending the 1.399 region and now consolidating 1.4000–1.4050 with RSI(14) recovering off oversold back toward mid-range. The recovery keeps price above the H1 EMA(20) but capped under EMA(50) and this week's chain of lower highs.
Support: 1.4000, 1.3990
Resistance: 1.4050, 1.4110
What it said to watch
Sustained H1 close below 1.4000 exposes the 1.3990 weekly low
Reclaim of 1.4050 needed to break the week's lower-high sequence
ISM Manufacturing PMI (Mon Aug 3) could materially shift this read
USDCAD slid from Monday's ~1.4126 open toward a six-week low near 1.3990 mid-week as broad USD weakness post-FOMC dragged the pair sub-1.4000. Price has since carved a base above the 1.4000 psych mark, with two touches near the week low and a recovery back onto EMA20 around 1.4023; the 1.4050 prior high is the near-term cap, with 1.4110 the wider barrier. RSI has lifted back toward the midline as the down-leg's momentum flattens.
Support: 1.4000, 1.3990, 1.4023
Resistance: 1.4050, 1.4110
What it said to watch
H1 close below 1.4000 psych re-exposes the 1.3990 week low
Reclaim of 1.4050 prior high needed to break the lower-high sequence
ISM Manufacturing PMI Mon 14:00 UTC could shift this USD-led read
USDCAD has trended lower all week from Monday's 1.4112 open, a USD-led slide after the soft US GDP/PCE prints, with the sharp NY-session flush spiking a six-week low near 1.3990. Price has since recovered and is chopping in a 1.4000-1.4055 band, holding just above the 1.4000 psychological pivot with RSI(14) back near 50. EMA20 has flattened under price while EMA50 caps overhead around the 1.4030 area.
Support: 1.4000, 1.3990, 1.4020
Resistance: 1.4055, 1.4110
What it said to watch
Sustained H1 close below 1.4000 reopens the 1.3990 week low and beyond
Reclaim of 1.4055 would challenge the sequence of lower highs
ISM Manufacturing PMI Mon 14:00 UTC could materially shift this read
15:02 UTC
Downtrend, consolidating near lows · RSI 50 · price 1.40276
Lower highs into 1.4000 basing.
USDCAD trended lower all week from 1.4128, with the dominant leg coming in Thursday's NY session that dropped the pair to a six-week low at 1.3990 as post-FOMC USD softness and oil weakness collided. Price has since based above the 1.4000 psychological pivot, chopping in a 1.4000–1.4050 range with RSI(14) hovering near 50. Canada's GDP beat (0.3%) offered mild CAD support but the pair failed to break 1.4000 decisively.
Support: 1.4000, 1.39904
Resistance: 1.4050, 1.4058, 1.4110
What it said to watch
Hourly close below 1.4000 confirms a lower low toward the 1.3990 week low
Reclaim of 1.4050 and 1.4058 session high reopens the 1.4110 barrier
ISM Manufacturing (Mon) is the next USD test for this range
USDCAD has trended lower all week, accelerating Thursday as broad USD weakness on the soft Q2 GDP miss and cooler core PCE dragged the pair through 1.4050 to a week low at 1.3990. Price has since carved higher lows and is basing above the 1.4000 psychological floor, reclaiming EMA20 with RSI recovering back toward the mid-50s. The 1.4049 recent high caps the bounce, while EMA50 overhead still frames the broader down leg.
Support: 1.4000, 1.3990
Resistance: 1.4049, 1.4110
What it said to watch
H1 close below 1.3990 confirms a fresh lower low
Reclaim of 1.4049 then 1.4110 needed to unwind the down leg
UoM inflation expectations 14:00 UTC could shift the USD read
USDCAD trended lower all week from Monday's 1.4113 open, then broke the 1.4040 shelf hard during Thursday's NY session as the USD sold off on the Q2 GDP miss and suspected BoJ yen intervention, extending to 1.3990. Price has since recovered back to retest that broken 1.4040 area from below, with RSI(14) cycling up from oversold to ~61. The 1.4000 psychological floor held on the flush and is now reclaimed.
Support: 1.4000, 1.3990
Resistance: 1.4049, 1.4110
What it said to watch
H1 close above 1.4049 recent high opens the path toward the 1.4110 barrier
Failure to hold 1.4000 psych re-exposes the 1.3990 week low
UoM sentiment/inflation expectations at 14:00 UTC could shift the USD read
USDCAD trended lower all week from 1.4128, accelerating through 1.4055 and 1.4000 on soft US GDP/PCE prints and the suspected BoJ-driven dollar leg lower. Price carved a double bottom around 1.3990 and has recovered back above EMA(20), with RSI(14) lifting off oversold toward the mid-50s. The 1.4000 psych pivot now sits below as demand and 1.4049 caps the current bounce.
Support: 1.4000, 1.3990
Resistance: 1.4049, 1.4067, 1.4110
What it said to watch
H1 close back below 1.4000 confirms continuation to the weekly low at 1.3990
Close above 1.4067 swing high challenges the week's downtrend structure
US Chicago PMI / UoM sentiment due ~14:00 UTC could shift this read
USDCAD has been on the back foot since Monday's open, sliding from 1.4110 to a six-week low near 1.3990 as softer US data cut Fed-hike odds and JPY-led USD weakness dragged the dollar broadly. Demand stepped in twice around 1.3990-1.3995, and the NY-session recovery has price back above EMA(20) at 1.4016 with RSI cycling back to 58. The 1.4050 area is now the immediate cap after Canada's small GDP beat did little to shift the wider range.
Support: 1.4000, 1.3990
Resistance: 1.4050, 1.4067, 1.4110
What it said to watch
H1 close below 1.4000 confirms a lower-low and opens a test under the June 17 low
Close above 1.4050 challenges the week's descending lower-highs
US Chicago PMI / UoM sentiment later today could shift this read
USDCAD has trended lower since Monday's 1.4107 open, stair-stepping through a run of lower highs with the sharpest legs down into the NY session on soft US GDP and cooling PCE. Two probes of the 1.3990 area held and price has since recovered back above the 1.4000 psych pivot, clearing EMA(20) with RSI(14) lifting off oversold toward 56. Overhead the 1.4057 swing high caps the bounce, and the pair sits just below EMA(50).
Support: 1.4000, 1.3990
Resistance: 1.4057, 1.4110
What it said to watch
Canada GDP at 12:30 GMT could materially shift this read
H1 close above 1.4057 negates the lower-high sequence
Failure to hold 1.4000 reopens the 1.3990 week low
USDCAD sold off through the week from 1.4110 to a six-week low near 1.3990, with the sharpest legs printing on soft US GDP and cooling PCE. Price has since based above the 1.4000 psychological pivot and clawed back to 1.4036, reclaiming EMA(20) as a modest USD short-covering bounce lifts the pair off its low. RSI(14) has recovered off oversold into the mid-50s, but 1.4055 still caps the recovery.
Support: 1.4000, 1.3990
Resistance: 1.4055, 1.4067, 1.4110
What it said to watch
Canada GDP at 12:30 GMT could materially shift this read
Loss of 1.4000 reopens the 1.3990 week low
H1 close above 1.4055 challenges the week's lower-high sequence
11:02 UTC
Downtrend, consolidating near lows · RSI 49 · price 1.40214
Lower highs, basing above 1.4000.
USDCAD leaked lower through the week from Monday's 1.4106 open, with two sharp legs down — the largest into the NY session — as soft US Q2 GDP (1.5%) and cooler core PCE weighed on the dollar. Price is now basing in a 1.3990–1.4055 range above the 1.4000 psych pivot, sitting on EMA20 but capped below EMA50. RSI(14) has cycled back to the mid-line off oversold as the slide stalled.
Support: 1.4000, 1.3990
Resistance: 1.4055, 1.4110
What it said to watch
Canada GDP at 12:30 UTC (f/c 0.2%) could break the 1.3990–1.4055 range
H1 close below 1.3990 week low confirms a lower low
Reclaim of 1.4055 swing high needed to challenge the 1.4110 barrier
USDCAD has trended lower all week from the 1.4110 open, with the sharpest legs down coming as soft US Q2 GDP and cooler core PCE eased Fed-tightening bets and pressured the dollar. Price is now basing between 1.3990 and 1.4055, reclaiming the 1.4000 psych level and holding above EMA(20) with RSI(14) back near 50. The recovery lacks conviction ahead of Canada GDP.
Support: 1.4000, 1.3990
Resistance: 1.4055, 1.4110
What it said to watch
Canada GDP at 12:30 UTC could break the base either way
H1 close below 1.3990 confirms a fresh lower low
Reclaim of 1.4055 challenges the descending lower-highs
USDCAD has trended lower all week from Monday's 1.4106 open, with two impulsive breakdowns — one through 1.4050 and a second that flushed below the 1.4000 psych level to a 1.3990 week low. Price has since based between 1.4000 and 1.4020, reclaiming the round number as the USD steadied off six-week lows and oil eased. RSI(14) has lifted off its lows toward the mid-40s as the sell-off loses momentum.
Support: 1.4000, 1.3990
Resistance: 1.4020, 1.4055, 1.4110
What it said to watch
Canada GDP MoM at 12:30 UTC (f/c 0.2%) could reset the 1.4000-1.4020 base
H1 close below 1.3990 confirms a fresh lower low
Reclaim of 1.4055 prior high needed to challenge the 1.4110 barrier
UoM inflation expectations at 14:00 UTC a USD-side risk
10:02 UTC
Downtrend, consolidating at lows · RSI 47 · price 1.40155
Lower highs, lower lows; basing near 1.4000.
USDCAD broke down from the 1.4120 shelf held since Monday, with the dominant leg lower coming after Thursday's soft US GDP/PCE prints dragged the dollar broadly weaker. Price bottomed at 1.3990 and has since consolidated 1.4000-1.4020, back above a flattening EMA(20) with RSI(14) recovering into the mid-40s. The 1.4055 lower high has capped the bounce, keeping the weekly structure pointed lower.
Support: 1.4000, 1.3990
Resistance: 1.4055, 1.4110
What it said to watch
H1 close above 1.4055 breaks the lower-high sequence
Failure to hold 1.4000 psych re-opens the 1.3990 swing low
Canada GDP at 12:30 UTC could shift this read into the next bars
USDCAD has trended lower since Wednesday, with the sharp legs down through Thursday's NY session and into Friday as the USD sold off on the Q2 GDP miss and softer core PCE. Price has since based just above the 1.4000 psych pivot, carving a tight range between 1.4000 and 1.4023 with RSI(14) lifting off its lows. Both EMAs cap the recovery from above.
Support: 1.4000, 1.39904
Resistance: 1.40232
What it said to watch
Hourly close below 1.39904 confirms a fresh lower-low and reopens downside
Reclaim of 1.40232 range top would ease the near-term selling pressure
Canada GDP at 12:30 UTC (f/c 0.2%) could break the 1.4000 base
09:02 UTC
Downtrend, basing near lows · RSI 46 · price 1.40068
Lower highs into 1.4000, consolidating above week low.
USDCAD sold off through the week and accelerated lower Thursday after the soft US Q2 GDP and cooling core PCE prints, printing a week low near 1.3990. The pair has since reclaimed the 1.4000 psych pivot and is consolidating below EMA(20), with the twin lows at 1.3990 forming a shallow base. Recovery attempts have stalled under the session high around 1.4021 with RSI(14) still sub-50.
Support: 1.4000, 1.3990
Resistance: 1.4021, 1.4055
What it said to watch
Canada GDP at 12:30 UTC (f/c 0.2%) could shift this read on a clear miss or beat
H1 close back below 1.3990 confirms a fresh lower low
Reclaim of 1.4055 prior high would break the week's lower-high sequence
Lower highs and lower lows, consolidating post-breakdown.
USDCAD extended a third straight day lower into a six-week low near 1.3990, the breakdown driven by broad USD selling after Thursday's soft Q2 GDP and cool core PCE plus suspected JPY intervention. Price has since stabilised in a tight 1.4000–1.4020 band below EMA(20) and EMA(50), with RSI(14) recovering off oversold toward the mid-40s. The 1.4050 shelf capped the last NY bounce; 1.4000 round number is holding as near-term support.
Support: 1.4000, 1.39904
Resistance: 1.4050
What it said to watch
Canada GDP at 12:30 UTC (f/c 0.2%) could break the 1.4000–1.4020 consolidation
H1 close below 1.39904 confirms a fresh lower-low and extends the downtrend
Reclaim of 1.4050 would neutralise the breakdown read
US ECI / Chicago PMI later today may drive the next USD leg
Lower highs into six-week low, now consolidating above 1.4000.
The pair has trended lower since Monday's open near 1.4098, with the dominant leg coming Thursday as broad USD selling — driven by suspected BoJ intervention and soft US GDP/core PCE — dragged USDCAD to a six-week low near 1.3990. Price has since clawed back above 1.4000 and is consolidating just above EMA20, with RSI(14) recovering off oversold. The 1.4050 prior range and 1.4110 week-high area now cap the rebound.
Support: 1.4000, 1.39904
Resistance: 1.4050, 1.4110
What it said to watch
Canada GDP at 12:30 UTC could materially shift this read
H1 close below 1.3990 confirms a fresh lower low
Reclaim of 1.4050 needed to challenge the week's downtrend
USDCAD extended lower for a third day into a six-week low near 1.4000, a move driven by broad USD selling after soft US Q2 GDP and core PCE plus a suspected BoJ intervention that flushed the Dollar. Price has since stabilised in a tight 1.3990–1.4020 band, holding just above the weekly low with RSI(14) basing in the mid-40s. EMA(20) is capping the recovery attempts around 1.4014 while EMA(50) sits well overhead.
Support: 1.39904, 1.4000
Resistance: 1.40546
What it said to watch
Hourly close below 1.3990 confirms a fresh lower low
Reclaim of 1.4055 needed to challenge the week's lower-high sequence
Canada GDP and US ECI at 12:30 GMT could materially shift this read
07:02 UTC
Downtrend, stalling near lows · RSI 45 · price 1.40127
Consolidation above six-week low after sharp selloff.
USDCAD sold off through two impulsive legs this week — the sharpest during yesterday's NY session as a broad USD unwind (soft US Q2 GDP, cooling core PCE and suspected BoJ intervention) dragged the pair to a six-week low near 1.3990. Price has since basked in a tight consolidation between 1.4000 and 1.4023, holding just above EMA20 while RSI recovers off oversold. The move is USD-driven; CAD itself has shown little independent momentum ahead of Canada GDP.
Support: 1.4000, 1.39904
Resistance: 1.40232
What it said to watch
Canada GDP at 12:30 UTC could shift this read
H1 close below 1.3990 confirms a lower low and reopens downside
Reclaim of 1.40232 prior high needed to signal recovery toward the range top
USDCAD slid for a third day to a six-week low near 1.3995, a move driven by broad Dollar selling on soft US GDP/PCE and suspected JPY intervention rather than fresh CAD strength. Price has since stabilised into a tight consolidation between 1.4000 and 1.4020, holding just above EMA20 while RSI recovers off the lows. The 1.40556 swing high has capped the bounce so far.
Support: 1.4000, 1.39948
Resistance: 1.40556
What it said to watch
Canada GDP at 12:30 UTC (f/c 0.2%) could break this consolidation
H1 close below 1.4000 psych re-opens the 1.39948 weekly low
Reclaim of 1.40556 swing high would ease the downtrend read
USDCAD extended its third day lower this week, sliding from the 1.4128 area into a 1.3990 base as a broad USD unwind — soft US Q2 GDP and suspected JPY intervention — dragged the Dollar down; the move is USD-led rather than CAD strength. Price is consolidating sub-EMA(20) just above the 1.4000 round level after the sharp NY-session drop, with RSI(14) recovering off oversold toward the mid-line. The 1.4055 prior high caps the current bounce.
Support: 1.4000, 1.39904
Resistance: 1.40566, 1.4110
What it said to watch
H1 close below 1.3990 confirms a fresh lower-low
Reclaim of 1.4055 opens the path back toward the 1.4110 barrier
Canada GDP (12:30 UTC) and US ECI could materially shift this read
05:03 UTC
Downtrend, bouncing off lows · RSI 49 · price 1.40196
Lower highs into a six-week low, now stabilising above 1.4000.
Third straight day of downside dragged USDCAD to a six-week low near 1.3990, a largely USD-driven move on soft US Q2 GDP and suspected JPY intervention rather than fresh CAD strength. Price has since carved a twin low around 1.3990-1.4000 and is grinding back above the 1.4000 psych level, reclaiming EMA(20). Resistance at the 1.4055 prior high has yet to be tested on this recovery.
Support: 1.4000, 1.39904
Resistance: 1.40554
What it said to watch
Canada GDP and US ECI at 12:30 UTC could materially shift this read
H1 close below 1.3990 confirms a fresh lower low
Reclaim of 1.4055 prior high would ease the downside pressure
USDCAD trended lower all week from Monday's ~1.4085 open, with two sharp NY-session flushes carrying price to a 1.3990 six-week low on a broad USD unwind (soft US Q2 GDP and cooling PCE, plus suspected JPY intervention). Price is now consolidating just under the 1.4000 psych level, coiling under the flat EMor20 near 1.4023 as RSII bases off the lows. The 1.4110 barrier remains the week's key upside cap.
Support: 1.4000, 1.3990
Resistance: 1.4023, 1.4055, 1.4110
What it said to watch
Canada GDP at 12:30 UTC could shift this read materially
Break below 1.3990 week low resumes the downtrend
H1 close above 1.4055 prior high challenges the lower-high sequence
04:02 UTC
Downtrend, stabilizing near lows · RSI 52 · price 1.40183
Range break lower, basing above 1.40000.
USDCAD sold off for a third straight day this week, slicing out of the 1.40–1.41 band and printing a week low at 1.39904 as broad USD weakness (soft Q2 GDP, cooler core PCE and a suspected BoJ intervention shock) drove the move — the CAD leg was passive. Price has since based just above the 1.40000 psych level, with buyers stepping in twice into the NY session and RSI(14) recovering off oversold toward the midline. EMA20 has flattened under price while EMA50 caps overhead, keeping the near-term structure corrective.
Support: 1.4000, 1.39904
Resistance: 1.40232, 1.4110
What it said to watch
Canada GDP at 12:30 UTC could materially shift this read
H1 close below 1.39900 confirms a lower low
Reclaim of 1.40232 session high opens the path back toward 1.41100
USDCAD sliced out of the week-long 1.4110–1.4000 band into the NY session on broad USD weakness after soft Q2 GDP and cooler core PCE, bottoming at a six-week low near 1.3990. Price is now consolidating just above the 1.4000 round number with RSI(14) recovering off oversold. The 1.4055 prior high and the broken 1.4110 range base remain overhead references.
Support: 1.4000, 1.3990
Resistance: 1.4055, 1.4110
What it said to watch
Canada GDP at 12:30 UTC could shift this read
H1 close below 1.3990 confirms a lower low
Reclaim of 1.4055 would ease the downside pressure
USDCAD fell for a third straight day, slicing out of the week's 1.41 range on broad USD weakness after soft US Q2 GDP and cooler core PCE, amplified by the suspected Japanese intervention that hammered the dollar across the board. The decisive leg came during the NY session, dropping the pair to a six-week low near 1.3995 before demand stepped in and price is now consolidating around 1.4017 below EMA20 and EMA50. The move is USD-led rather than CAD-led, and RSI(14) has recovered off oversold toward the mid-40s as the base forms.
Support: 1.3995, 1.4000
Resistance: 1.4055, 1.4110
What it said to watch
Canada GDP at 12:30 UTC (f/c 0.2%) could materially shift this read
H1 close below 1.3995 confirms a fresh lower low
Reclaim of 1.4110 range low would invalidate the breakdown
USDCAD fell out of this week's tight 1.40-1.41 band and printed a fresh multi-week low near 1.3990 as the dollar came under broad pressure after soft US Q2 GDP and cooler core PCE, amplified by suspected BoJ intervention. Since bottoming, price has stabilised into a shallow 1.3990-1.4020 consolidation with RSI(14) lifting off oversold. The move was USD-led rather than CAD-led, leaving the recovery attempt hostage to the next dollar swing.
Support: 1.4000, 1.3990
Resistance: 1.4055, 1.4110
What it said to watch
Canada GDP at 12:30 UTC could materially shift this read
Hourly close back above 1.4055 would ease the downside pressure
Failure to hold 1.4000 reopens the 1.3990 weekly low
02:02 UTC
Downtrend, consolidating at lows · RSI 43 · price 1.40171
Range floor broken, basing above 1.4000.
USDCAD slid for a third straight day, breaking the week-long 1.40-1.41 range floor and printing a six-week low near 1.3990 on broad USD selling — the JPY intervention scare plus soft US GDP and Core PCE hammered the dollar. Price is now basing just above the 1.4000 psych level, with RSI(14) recovering off oversold and price capped under EMA20. The move has been USD-led rather than CAD strength, leaving 1.4000 as the pivot into Canada GDP.
Support: 1.4000, 1.39904
Resistance: 1.40546, 1.4110
What it said to watch
Canada GDP Fri 12:30 UTC could materially shift this read
Loss of 1.4000 psych opens the path toward the 1.39904 week low
H1 close back above 1.40546 swing high challenges the downtrend
02:02 UTC
Downtrend after range break, momentum fading · RSI 43 · price 1.40171
USD/CAD sliced out of this week's 1.4080-1.4130 band during Thursday's NY session, driven by broad USD selling after a suspected JPY intervention and soft US GDP/PCE. Price bottomed near the 1.3990 six-week low and has since coiled in a tight 1.3990-1.4018 range, holding below EMA20 and EMA50. RSI(14) in the low-40s reflects downside momentum easing without a genuine recovery.
Support: 1.4000, 1.3990
Resistance: 1.4080, 1.4110
What it said to watch
Canada GDP Fri 12:30 UTC could reset this read
Reclaim of the 1.4080 broken floor would neutralise the downside break
Loss of the 1.3990 six-week low opens continuation lower
01:03 UTC
Downtrend, stalling near lows · RSI 43 · price 1.40137
Lower highs and lower lows, consolidating above 1.4000.
USDCAD has bled lower since Monday's 1.41284 peak, with two sharp NY-session drops this week — one through 1.4040 and a second flush to 1.39904 — tracking the broad USD softness after the soft US GDP and PCE data. Price is now compressing in a 1.3990–1.4015 band below EMA20 and EMA50, with RSI(14) recovering off oversold but capped near 43. Demand has stepped in twice around the 1.4000 handle, holding the round number so far.
Support: 1.4000, 1.39904
Resistance: 1.40566, 1.4110
What it said to watch
Canada GDP (12:30 UTC) and US ECI could break this consolidation either way
Close below 1.3990 confirms a fresh lower low
Reclaim of 1.4055 would challenge the descending lower-high structure
Lower highs, lower lows; consolidating near week low.
USDCAD has bled lower all week from Monday's 1.4081 open, with the dominant leg down happening in the NY session as soft US GDP and cooler PCE pressed the dollar, sweeping the pair through 1.404 to a 1.3992 week low. Price is now consolidating in a tight 1.399–1.402 band below both EMAs, and RSI(14) is recovering off its oversold dip without reclaiming 50. The 1.40554 recent high has capped the last bounce.
Support: 1.39916, 1.4000
Resistance: 1.40554
What it said to watch
Canada GDP at 12:30 UTC today could break the 1.399–1.402 consolidation
Hourly close above 1.40554 challenges the lower-highs downtrend
Failure to hold 1.39916 opens the path toward the 1.4000 round number break
00:01 UTC
Downtrend, consolidating near lows · RSI 43 · price 1.40104
Lower highs and lower lows, basing above 1.4000.
USDCAD rolled over midweek, breaking the 1.41 range that held since Monday and dropping in two sharp legs through the NY sessions as the USD stayed offered after the GDP miss and cooling PCE. Price sliced below the 1.4020 support and printed a week low at 1.3990 before basing in a tight 1.4000-1.4010 range. Both EMAs sit overhead and RSI(14) has cycled off oversold without reclaiming 50.
Support: 1.4000, 1.3990
Resistance: 1.4055, 1.4110
What it said to watch
Canada GDP at 12:30 UTC Fri could materially shift this read
H1 close above 1.4055 bounce high would challenge the lower-highs sequence
Failure to hold 1.4000 psych opens a retest of the 1.3990 week low
00:01 UTC
Downtrend, consolidating at lows · RSI 42 · price 1.40104
Lower highs, lower lows into weekly low.
USDCAD rolled over from the 1.4110-1.4125 range that capped the pair all week, with a sharp two-stage selloff Thursday breaking through 1.4050 and printing a weekly low at 1.3990 as the USD stayed soft on the Q2 GDP miss and in-line PCE. Price now consolidates just above the round number, holding below both EMAs with RSI(14) recovering off oversold toward 42. The 1.4055 bounce high has capped the pullback so far.
Support: 1.3990, 1.4000
Resistance: 1.4055, 1.4066, 1.4110
What it said to watch
Canada GDP at 12:30 UTC could materially shift this read
H1 close below 1.3990 confirms a fresh lower low
Reclaim of 1.4055 needed to reopen the 1.4110 range top