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AED • EUR • GBP • USD IBANs   |   CROSS BORDER FX   |   LOCAL CURRENCIES   |   GLOBAL COVERAGE
CadTechnical AnalysisUSD

USD/CAD Price – Holds losses below 1.4200 within overbought zone

  • USD/CAD may rebound toward the initial barrier at the 14-month high of 1.4248.
  • The 14-day Relative Strength Index of 75.3 signals overbought conditions, hinting that the recent advance is vulnerable to a near-term corrective pullback.
  • The pair may find primary support at the nine-day EMA of 1.4155.

USD/CAD loses ground for the third successive day, trading around 1.4180 during the early European hours on Monday. The pair continues its losing streak after pulling back from 14-month highs. The technical analysis of the daily chart indicates the pair is remaining within the ascending channel pattern, signaling an ongoing bullish bias.

The USD/CAD pair is retaining a bullish near-term bias as it holds above both the nine-day and 50-day Exponential Moving Averages (EMAs). The alignment of price above these short- and medium-term EMAs suggests ongoing upside pressure, although the 14-day Relative Strength Index (RSI) at 75.3 signals overbought conditions, hinting that the latest advance could be vulnerable to consolidation or a corrective pullback.

The USD/CAD pair may rebound toward the 14-month high of 1.4248, reached on June 24, aligned with the upper boundary of the ascending channel. A sustained break above this confluence resistance zone would open the door for further gains toward 1.4400.

The primary support lies at the nine-day EMA of 1.4155. A break below the short-term price average would weaken the price momentum and put downward pressure on the pair to test the lower boundary of the ascending channel around 1.4020. Further declines would explore the region around the 50-day EMA at 1.3924.

Chart Analysis USD/CAD
USD/CAD: Daily Chart

(The technical analysis of this story was written with the help of an AI tool.)

Canadian Dollar Price Today

The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the strongest against the Japanese Yen.

USDEURGBPJPYCADAUDNZDCHF
USD-0.21%-0.17%0.03%-0.09%-0.09%-0.27%-0.13%
EUR0.21%0.04%0.26%0.11%0.14%-0.06%0.08%
GBP0.17%-0.04%0.21%0.08%0.08%-0.12%0.04%
JPY-0.03%-0.26%-0.21%-0.12%-0.14%-0.34%-0.17%
CAD0.09%-0.11%-0.08%0.12%-0.01%-0.21%-0.07%
AUD0.09%-0.14%-0.08%0.14%0.00%-0.19%-0.04%
NZD0.27%0.06%0.12%0.34%0.21%0.19%0.16%
CHF0.13%-0.08%-0.04%0.17%0.07%0.04%-0.16%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).

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