USDCAD technical evaluation: USDCAD caught in a standoff: Will Patrons or Sellers Prevail?

The USDCAD is caught between rock-solid help and formidable resistance, and the market is ready for one aspect to crack.

On the draw back, consumers proceed to defend the 1.3762/1.3759–1.3749 zone—a strong confluence of the 38.2% retracement, the rising 200-hour MA, and a well-defined swing excessive space. On the topside, sellers are standing agency at 1.3810, the place the 100-day MA (Friday’s ceiling) aligns with the 100-hour MA, making a brick wall of resistance.

This standoff is obvious: keep beneath 1.3810 and the bias leans decrease, with a break of the help cluster opening the door towards 1.3726 (50% retracement) and 1.36908 (61.eight%).

A push above 1.3810 would flip the script, forcing shorts to cowl and concentrating on 1.3860 and 1.3890. For now, it’s a textbook battle of ranges—and merchants are expecting the primary clear break to set the tone.

Key ranges:

• Resistance: 1.3810, 1.3860, 1.3878 (hgh from Friday)

• Assist: 1.3762 / 1.3759–1.3749, 1.3726

This text was written by Emma Wang at investinglive.com.