Technically, the USDCAD is showing renewed bullish momentum after bouncing from a key support confluence last week. The pair found buyers near the 100-day moving average at 1.4269, which also aligns with a key swing area dating back to December. The failed break below this zone resulted in a sharp rebound, keeping the broader range structure intact.
The next upside target lies within the 1.4448–1.4471 resistance area—an upper boundary that has repeatedly capped rallies for over three months. A break above this zone would suggest a potential breakout from the prolonged range and could open the door toward 1.4495 and even 1.4660, if supported by fundamentals like tariff developments.
Key technical levels:
Resistance: 1.4401 (high from last week), 1.4448–1.4471 (key range), 1.45399 (high price from March)
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdcad technical analysis buyers hold above key mas eyes shift back toward 1 4471 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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