19:02 UTC
Recovery uptrend within broad range · RSI 56 · price 1.40889
Higher lows off Jan-2026 base, pullback from June high.
USDCAD fell from the 1.4793 2025 high into a 1.348 low early 2026, then carved a rounded base and recovered — a broad 1.35-1.42 regime for the past year. Price at 1.409 sits in the upper half of that band, above a rising EMA(50), after pulling back from the June high near 1.4248. The move is largely USD-led per the macro digest, with rate spreads and oil capping any sustained CAD strength.
Support: 1.4000, 1.3481
Resistance: 1.4248, 1.4300, 1.4793
What it said to watch
- W1 close below the 1.4000 psych pivot stalls the recovery and re-opens the 1.3481 range low
- Sustained close above 1.4248 june high extends the uptrend toward 1.4300
- Loss of the rising EMA(50) would neutralise the recovery read