The USDCAD is making a decisive “break for it” with a move above the 38.2% retracement of the 2025 trading range at 1.40212. That level sits within a key swing area between 1.4010 and 1.40268, which now serves as a risk-defining zone for buyers.
Holding above this area keeps the bias tilted to the upside.
On the topside, there isn’t much in the way of meaningful resistance until the next swing area between 1.41490 and 1.41836, which also includes the 50% midpoint of the 2025 range at 1.41696.
If buyers can sustain momentum above the current breakout zone, that 50% region will become the next major decision point for both sides of the market.
For now, the buyers have seized control — the question is whether they can defend the breakout and extend the move toward the next resistance target.
