The USDCAD pair rebounded from last week’s low, stalling just above the 2025 low and near the June 17 swing low at 1.3554. This recovery moved the pair towards the 100-hour moving average at the 1.3613 area.<\/p>\n
Initially meeting resistance in the Asian session, the pair then broke above this level. Buyers gained momentum, pushing the price past the 200-hour moving average in the early European session. The momentum continued up to the 50% midpoint of June’s decline at 1.3676, encountering sellers near the swing area low between 1.36858 and 1.36923.<\/p>\n
Sellers leaned, and over the past few hours, the price has rotated back toward the 200-hour moving average at 1.36401. This moving average serves as a key indicator for future price movement. A break below the 200 MA at 1.3640 may weaken the bullish outlook, potentially leading to a return to the 100-hour moving average at 1.36128.<\/p>\n
Supporting levels include 1.3640 (200-hour MA) and 1.36128 (100-hour MA), while resistance levels are at 1.3647 (200-hour MA), 1.36763 (50%), and the swing area between 1.3685 to 1.3692.<\/p>\n
The article above describes a short-term rally in the USDCAD currency pair, which experienced a bounce from last week’s trough, briefly surpassing certain support levels that had held back earlier declines. Specifically, it rose from near the lowest point of 2025 and halted close to the June 17 low, around 1.3554. From there, it gathered pace, climbing towards and piercing through its 100-hour moving average near 1.3613\u2014a level often interpreted as a gauge for near-term direction.<\/p>\n
Once buyers took charge and overcame the 100-hour average during the Asian and early European trading sessions, the pair accelerated upward, managing to cross its 200-hour moving average, a vital threshold for medium-term direction. This momentum lifted the price further still, reaching the exact midpoint of June\u2019s entire downward pattern, landing at 1.3676. However, that level marked a turning point again. Sellers emerged right at the lower edge of a key swing zone between 1.36858 and 1.36923, a zone that had previously acted as a barrier during price recoveries.<\/p>\n
After touching that area, the rally faded, with pressure from sellers dragging the pair back towards 1.3640\u2014the 200-hour moving average. That level, once crossed with force, now functions as a balance point for short-term sentiment. Currently, the price hovers in that band, and how it behaves here should give the next signal.<\/p>\n
For us, price movement below 1.3640 would not just be a technical disappointment; it would shatter the brief upward enthusiasm by breaking through a known reference point. In turn, this opens the path back toward the earlier 100-hour average at 1.36128. That level served as a springboard before, but this time it could act more like a floor. Its ability to hold against further pressure would determine whether the recent bounce was a one-off or the start of something broader.<\/p>\n
On the other hand, if price holds above 1.3640 and builds strength again, attention would naturally return to higher resistance points\u2014first, 1.3647, and then once more to the midpoint at 1.36763. Any push towards those would inevitably stretch toward the swing zone above 1.3685. That area has now shown itself twice as a turning point and must be respected as a ceiling for upward moves. A failure to control price in that range could encourage a break through it, triggering faster risk repositioning.<\/p>\n
What we\u2019re watching in this setup is not just levels themselves, but how price behaves around them\u2014do buyers show consistency? Is the pressure from sellers weakening, or are they simply waiting on the upper range? These questions will start to answer themselves during the next few sessions, depending on whether the price gravitates downward or upward.<\/p>\n
In the very near future, with both sides unsure but active, opportunities could arise from price oscillating between these known technical markers. Acting with precision, particularly around decisive reactions near the 200- and 100-hour moving averages, will matter more than guessing direction. The tighter the structure, the more clearly reaction levels appear. And that may be where the real edge lies for those watching closely.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" USDCAD rebounds above key moving averages; momentum slows near resistance, with 200-hour MA as key support.<\/p>\n","protected":false},"author":62,"featured_media":16966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-25949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/25949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=25949"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/25949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/16966"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=25949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=25949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=25949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}