USD/CAD Price Forecast: Holds above 1.3700 to test nine-day EMA

熱門文章

USD/CAD continues its winning streak for the fourth successive day, trading around 1.3710 during the early European hours on Friday. However, the technical analysis of the daily chart indicates the pair is remaining within the descending channel pattern, signaling a persistent bearish bias.

USD/CAD may fall toward the descending channel support at 1.3560.
The 14-day Relative Strength Index falls to 44, signaling strengthening bearish momentum.
The immediate barrier lies at the nine-day EMA of 1.3714.

The USD/CAD pair holds a modest bearish near-term bias as spot remains capped under the nine-day Exponential Moving Average (EMA) and the 50-day EMA. The pair has been fading from last month’s highs while the 14-day Relative Strength Index (RSI) slips to 44, hinting at strengthening bearish momentum and leaving the downside vulnerable as long as price trades beneath these overlapping EMA barriers.

On the downside, the USD/CAD pair may navigate the region around the lower boundary of the descending channel around 1.3560. A sustained break below the channel would reinforce the bearish bias and put downward pressure on the pair to fall toward 1.3473, the lowest since September 2024.

The immediate barrier lies at the nine-day EMA of 1.3714, followed by the 50-day EMA at 1.3750, aligned with the upper descending channel boundary. Further advances above this confluence resistance zone would cause the emergence of the bullish bias and support the USD/CAD pair to explore the region around the four-month high of 1.3967, reached in December 2025.

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

Canadian Dollar Price Today

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

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.06%	0.04%	-0.03%	0.08%	0.10%	0.12%	0.16%
EUR	-0.06%		-0.01%	0.00%	0.03%	0.03%	0.06%	0.10%
GBP	-0.04%	0.00%		-2.13%	0.04%	0.06%	0.09%	0.11%
JPY	0.03%	0.00%	2.13%		0.11%	0.12%	0.14%	0.17%
CAD	-0.08%	-0.03%	-0.04%	-0.11%		0.00%	0.02%	0.07%
AUD	-0.10%	-0.03%	-0.06%	-0.12%	0.00%		0.01%	0.05%
NZD	-0.12%	-0.06%	-0.09%	-0.14%	-0.02%	-0.01%		0.04%
CHF	-0.16%	-0.10%	-0.11%	-0.17%	-0.07%	-0.05%	-0.04%

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