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USD/CAD Nears Major Breakout as Resistance Approaches

Guavy AI Editorial Team Published September 30, 2026

Instruments

CAD

USD/CAD is currently testing resistance near $1.42 after reaching overbought levels, according to CMC Markets.

A breakout could open the path towards $1.445, while a failure may trigger a pullback to key moving-average support.

The last time USD/CAD reached this region in June, it stalled and declined back to a support area around $1.375.

If USD/CAD can break out and move above $1.42, it could set up a return to $1.445, an FX rate not seen since late 2024 and early 2025.

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