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Forex

USD/CAD Holds Support Above 1.4000 Amid Bullish Trend

Guavy AI Editorial Team
Instruments
CAD
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The USD/CAD pair has pulled back slightly below the 1.4100 mark, but the broader bullish outlook remains intact as long as prices hold above a critical support zone.

Market participants are closely watching the support area near 1.4050-1.4000, which has acted as a floor for the pair over the past several trading days.

The Relative Strength Index (RSI) on the daily chart has pulled back from overbought territory, while the moving average convergence divergence (MACD) indicator remains above its signal line, suggesting that underlying bullish momentum is still present.

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