The USD/CAD pair edges higher to trade around 1.4010 on Friday’s Asian session, rebounding after four days of losses. The pair remains within an ascending channel, indicating a prevailing bullish bias.

The 14-day RSI sits just above 50, signaling sustained buying momentum, although the pair remains slightly below the nine-day EMA at 1.4025, which acts as immediate resistance. A decisive break above this level could propel USD/CAD toward the recent seven-month high at 1.4140, and potentially the upper boundary of the channel around 1.4220.

On the downside, support is seen near the channel’s lower boundary at 1.4000, followed by the 50-day EMA at 1.3959. A break below these levels could shift the bias bearish, opening the way toward the three-month low of 1.3721 from August 7.