USD/CAD Price Forecast: Rebounds toward nearly 15-month highs, 1.4250
USD/CAD posts gains after registering minor losses in the previous day, trading around 1.4210 during the European hours on Wednesday. The pair is positioned close to nearly 15-month highs.
  • USD/CAD targets the primary resistance at a nearly 15-month high of 1.4248.
  • The 14-day Relative Strength Index at 78.6 indicates overbought conditions.
  • The pair may find primary support at the nine-day EMA of 1.4177.

USD/CAD posts gains after registering minor losses in the previous day, trading around 1.4210 during the European hours on Wednesday. The pair is positioned close to nearly 15-month highs. The technical analysis of the daily chart indicates the pair is remaining within the ascending channel pattern, indicating a persistent bullish bias.

The USD/CAD pair is holding a firm bullish bias as it extends its advance above the nine-day Exponential Moving Average (EMA). The short-term EMA running above the longer-term EMA reinforces the constructive trend, while the 14-day Relative Strength Index (RSI) at 78.6 sits in overbought territory, hinting that upside momentum remains strong but leaves the pair vulnerable to corrective pullbacks if buyers lose conviction near current levels.

The USD/CAD pair may target the primary barrier at the nearly 15-month high of 1.4248, reached on June 24, aligned with the upper boundary of the ascending channel around 1.4320. 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 1.4177. Breaking below it weakens momentum and put downward pressure on the pair to test the lower boundary of the ascending channel around 1.4040. Further declines would explore the region around the 50-day EMA at 1.3947.

Chart Analysis USD/CAD
USD/CAD: Daily Chart

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

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.16% 0.18% 0.08% 0.14% 0.44% 0.12% 0.11%
EUR -0.16% 0.01% -0.06% -0.01% 0.29% -0.06% -0.05%
GBP -0.18% -0.01% -0.09% -0.03% 0.26% -0.08% -0.05%
JPY -0.08% 0.06% 0.09% 0.04% 0.35% -0.01% 0.02%
CAD -0.14% 0.00% 0.03% -0.04% 0.30% -0.06% -0.03%
AUD -0.44% -0.29% -0.26% -0.35% -0.30% -0.36% -0.33%
NZD -0.12% 0.06% 0.08% 0.00% 0.06% 0.36% 0.03%
CHF -0.11% 0.05% 0.05% -0.02% 0.03% 0.33% -0.03%

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 US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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QUOTAZIONI IN DIRETTA

Nome / Simbolo
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% Variazione / Prezzo
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MSFT/NAS
Variazione 1 giorno
+0%
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