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USDCAD finds support near the recent lows and near a swing area

Reported · Written up by our desk · Major Pairs

Buyers lean against familiar support The USDCAD fell to a low of 1.39676 last Friday, stalling just above a swing area between 1.3948 and 1.3963 that stretches back to late March 2025. Buyers leaned against that area last week, and they have done the same thing today. Today’s low reached 1.3971, just above Friday’s low and the underlying swing area. The repeated defense gives buyers a level to lean against and define their risk. However, holding support is only part of the battle. They also need to push through resistance. The 1.4000 level caps the recovery On

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