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Forex

USD/CAD Bearish Bias Persists Below 1.3800

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CAD
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The USD/CAD exchange rate remains below 1.3800 due to its persistent bearish bias, according to technical analysis of the daily chart.

USD/CAD is currently trading around 1.3780, extending its losses for the third consecutive day.

A break above the nine-day EMA of 1.3819 would strengthen the bullish bias and potentially lead to a move towards the nearly 17-month high of 1.4248 recorded on June 24, 2026.

The short-term EMA is below the longer one, and price trading beneath both indicates a capped corrective tone, while the 14-day Relative Strength Index (RSI) near 38 stays in negative territory without yet signaling oversold conditions.

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