USD/CAD is hovering around 1.4050, finding support near the nine-day EMA at 1.4036. The pair remains stable after modest gains in the previous session, continuing to trade within its ascending channel, reflecting a persistent bullish bias.

The 14-day RSI stays above 50, further supporting the upward momentum. Short-term strength is confirmed as USD/CAD holds above the nine-day EMA, suggesting buyers remain in control.

Key Levels to Watch:

• Upside / Resistance:

  • 1.4140 – Seven-month high reached on November 5

  • 1.4190 – Upper boundary of the ascending channel

• Downside / Support:

  • 1.4036 – Nine-day EMA

  • 1.4000 – Psychological support at the channel’s lower boundary

  • 1.3969 – 50-day EMA

  • 1.3721 – Three-month low (August 7) if bearish bias emerges

Summary: USD/CAD continues its bullish trend near support, with potential to challenge multi-month highs if momentum holds. Traders should watch resistance at 1.4140–1.4190 for possible pullbacks and monitor support around 1.4036–1.4000 for signs of strength.