USD/CAD, Thursday, April 8, 2026 
The weakening of the USD index yesterday managed to push the major currency pair USD/CAD down to a new lower daily area at the price of 1.38200. On the H4 timeframe this morning, a candle is seen swinging upwards towards the price level of 1.38525, moving away from the dynamic EMA200 orange support line area, but still being held below the intersection area of the dynamic blue EMA21 and purple EMA50 resistance lines. Meanwhile, the CCI14 indicator appears to still be moving upwards, leaving the oversold area. In general, the plan to SELL USD/CAD for today, Thursday, remains a profitable trading choice, by placing a stop loss at the 1.39000 resistance area and a take profit target at the lower 1.37500 area.
