{"id":438139,"date":"2026-09-16T02:17:56","date_gmt":"2026-09-15T19:17:56","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/usdcad-tests-a-key-resistance-cluster-and-found-sellers-can-buyers-push-through-438139\/"},"modified":"2026-09-16T02:17:56","modified_gmt":"2026-09-15T19:17:56","slug":"usdcad-tests-a-key-resistance-cluster-and-found-sellers-can-buyers-push-through","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/usdcad-tests-a-key-resistance-cluster-and-found-sellers-can-buyers-push-through-438139\/","title":{"rendered":"USDCAD tests a key resistance cluster and found sellers Can buyers push through?"},"content":{"rendered":"<div>\n<p>USDCAD has moved sharply higher from last week\u2019s lows, but the rally has now reached an important technical decision area.<\/p>\n<\/p>\n<p>The price today moved up to test the 38.2% retracement of the decline from the June high at 1.39292. Just above that level is the 100-day moving average at 1.3932.<\/p>\n<p>With the two levels separated by less than three pips, they formed a clearly defined resistance cluster and an important battleground between buyers and sellers.On the test today, the sellers leaned against the level and the price has rotated lower.\u00a0\u00a0<\/p>\n<p>The successful test, increased the levels importance going forard.\u00a0 \u00a0For buyers, getting above the 38.2% retracement would be a positive step. However, they must also extend above the 100-day moving average at 1.3932\u2014and stay above it\u2014to take more control.<\/p>\n<p>A move above a technical level is not enough by itself. Staying above it is what confirms the breakout and gives buyers greater confidence.<\/p>\n<p>If buyers can clear both levels, the next target would be the swing area between 1.3948 and 1.39687.<\/p>\n<\/p>\n<p>A break above the swing area would open the door toward:<\/p>\n<ul>\n<li>\n<p>1.39901: The 50% retracement<\/p>\n<\/li>\n<li>\n<p>1.4000\u20131.4004: Natural and technical resistance<\/p>\n<\/li>\n<li>\n<p>1.40510: The 61.8% retracement<\/p>\n<\/li>\n<\/ul>\n<p>For sellers, the combination of the 38.2% retracement and the 100-day moving average provided a clearly defined area where they can lean and limit their risk. The price rotated lower and currently trades at 1.3920<\/p>\n<p>On the downside, the sellers would still need to generate downside momentum. A move back below 1.39013 would begin to weaken the bullish run and give sellers more short-term control.<\/p>\n<p>The rising 100-hour moving average at 1.38612 would then become the next important downside target.<\/p>\n<p>Below that, the 200-hour moving average and 200-day moving average, both near 1.3832, form another significant support area. Staying above those moving averages would keep the broader technical structure tilted more to the upside. A break below both would shift the bias more decisively in the sellers\u2019 favor.<\/p>\n<p>The trading lesson<\/p>\n<p>When two unrelated technical tools converge within a few pips of one another, the area becomes more important.<\/p>\n<p>In this case, the 38.2% retracement at 1.39292 and the 100-day moving average at 1.3932 create a resistance cluster. Buyers must get above both levels and stay above them to confirm the next bullish step.<\/p>\n<\/p>\n<p>The technical roadmap is straightforward:<\/p>\n<ul>\n<li>\n<p>Above 1.3932: Buyers gain more control.<\/p>\n<\/li>\n<li>\n<p>Above 1.39687: The bullish bias strengthens further.<\/p>\n<\/li>\n<li>\n<p>Back below 1.39292: The attempted breakout begins to fail.<\/p>\n<\/li>\n<li>\n<p>Below 1.39013: Sellers take back more short-term control.<\/p>\n<\/li>\n<li>\n<p>Below the 100-hour moving average: The technical picture becomes more bearish.<\/p>\n<\/li>\n<\/ul>\n<p>The buyers have pushed the price into a major resistance area. Can they break through and stay above it, or will sellers lean against the cluster and force the price back down? The price action around 1.39292\u20131.3932 will provide the next clue.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USDCAD has moved sharply higher from last week\u2019s lows, but the rally has now reached an important technical decision area. The price today moved up to test the 38.2% retracement of the&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-438139","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=438139"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438139\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}