USD/CAD, Friday May 8, 2026 
The strengthening pace of the USD Index on Thursday then appeared to successfully push up the major currency pair USDCAD to the price level of 1.36600. This afternoon, on the H4 timeframe, a candle is seen swinging at the price level of 1.36577, between the dynamic support line of EMA50 in purple and EMA21 in blue, and the dynamic resistance line of EMA200 in orange. The bullish technical support direction is still evident in the CCI14 indicator, which is currently swinging upwards in the overbought area. In general, the plan to trade BUY USDCAD today is still a profitable trading option, by placing a stop loss at the support area of 1.36000 and a take profit target above the EMA200 area at the price of 1.37000.
