The USDCAD has rotated back lower and sits close to unchanged on the session, but importantly, the pair continues to find buyers against support near 1.4104. That level has acted as a dependable floor today, and the market’s ability to hold it has allowed price to bounce back to the upside and stabilize.
From here, the topside roadmap remains well-defined. The high from last week at 1.4130 is the first key upside hurdle. A break above that opens the door toward the double-top region from early November near 1.4140, a level that previously capped bullish attempts and remains an important technical barrier. If momentum strengthens and buyers can push through that ceiling, the next major target comes into focus at the 50% midpoint of the 2025 trading range, measured from the January high. That key retracement level sits at 1.41655, and would represent a more significant shift back toward broader bullish control.
In the video above, I walk through these technical markers in detail, outlining the levels that matter most and the bias drivers that are shaping the market’s next move.
