FX.co ★ USD/CAD

USD/CAD 1H Technical Analysis USD/CAD is currently trading within a well defined intraday range, respecting key technical levels on the 1 hour timeframe. Price action remains compressed between support at 1.35703 and resistance at 1.36310, suggesting the market is in a short term consolidation phase as traders wait for a catalyst to define the next directional move. From a structural perspective, the 1.35703 support zone has proven to be a strong demand area. Multiple hourly candles have shown rejection from this level, indicating active buying interest. As long as price holds above this support, the bullish bias remains valid in the short term. A clean break below 1.35703, however, could open the door for a deeper correction toward lower liquidity zones. On the upside, 1.36310 acts as a critical resistance level. Price has struggled to sustain momentum above this area, making it a key barrier for bulls. A confirmed hourly close above 1.36310 would signal renewed bullish strength and could trigger a continuation move toward higher resistance levels, supported by breakout traders entering the market. Looking at indicators on the 1H timeframe, momentum remains mixed but slightly supportive of buyers. The RSI is hovering near the neutral 50 level, indicating neither overbought nor oversold conditions. This aligns with the current range bound behavior. A push above 60 on the RSI would strengthen bullish continuation prospects, while a drop below 40 could confirm growing bearish momentum. The MACD shows signs of flattening, suggesting weakening momentum and reinforcing the idea of consolidation. Traders should watch for a bullish MACD crossover above the signal line as confirmation of upside continuation, or a bearish crossover for downside pressure. Meanwhile, price remains close to the short-term moving averages, reflecting market indecision rather than strong trend commitment. Conclusion: USD/CAD is currently neutral to bullish above 1.35703, but a decisive breakout is needed. Traders should wait for confirmation either above 1.36310 for bullish continuation or below 1.35703 for bearish follow-through. Until then, range trading strategies may remain favorable on the 1 hour timeframe.