The USDCAD popped increased earlier after Pres. Trump introduced he was terminating commerce talks with Canada, blaming Ontario adverts that painted former Pres. Reagan as anti-tariff. The headline lit a fast rally, however sellers leaned in opposition to the 200-hour MA, halting the transfer.
The pair briefly broke above that stage earlier than fading on softer U.S. CPI knowledge, although the pullback was shallow. Since then, the market’s gone quiet, with worth now consolidating between the 100- and 200-hour MAs — roughly 1.4013–1.4026.
Merchants are ready for a breakout:
Upside bias: Above 1.4026 opens 1.4060–1.4067, then 1.4079 (Oct 1 excessive).
Draw back threat: Beneath the 100-hour MA and thru 1.4000–1.4004 targets the weekly low at 1.3972.
The video above outlines the value motion together with the bias/threat/goal defining ranges
