USDCAD Technicals: USDCAD extends to new lows for the day and tests the low for the week

Article details

The USDCAD pair has extended to new daily lows, testing Monday's low near 1.3649 amid persistent downside pressure. Sellers remain dominant after the price failed to hold above key resistance at the 100- and 200-hour moving averages (1.3686 and 1.3680). A break below 1.3649 could target 1.3630 and the broader 1.3600 support zone. Technical indicators suggest a bearish bias unless buyers push above the moving average cluster.