USDCAD technicals: USDCAD trades down and up but holds support. Buyers push.
October 6, 2025 by Admin
Filed under Forex Tips
The USDCAD has seen down and up price action today with the pair 1st moving above its 200 day moving average early in the session at 1.3960. The price failed on that break, leading to a rotation back to the downside, only to find support buyers against the rising 100 hour moving average (blue line on the chart below) currently at 1.3944.
Finding buyers there, led to buyers reentering and a rotation back to the upside with the price extending back above the 200 day moving average at 1.3960.
That 200 day MA is now the close barometer for both buyers and sellers.
- Staying above would give the buyers the go-ahead to push toward the next targets at 1.3978 and the high price from last week at 1.39854.Above that and the 38.2% of the 2025 trading range will be eyed at 1.40176. That was also near the high from back in May.
- Moving back below the 200 day MA with momentum, would be another failure, and could see the pair make another run the 100 hour MA.
For now, the buyers are making the play and keeping control. Can they keep the momentum going and have traders looking towardloftier levels?