{"id":438585,"date":"2026-09-23T00:43:10","date_gmt":"2026-09-22T17:43:10","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/usdcad-buyers-remain-in-control-as-price-tests-1-4080-resistance-438585\/"},"modified":"2026-09-23T00:43:10","modified_gmt":"2026-09-22T17:43:10","slug":"usdcad-buyers-remain-in-control-as-price-tests-1-4080-resistance","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/usdcad-buyers-remain-in-control-as-price-tests-1-4080-resistance-438585\/","title":{"rendered":"USDCAD buyers remain in control as price tests 1.4080 resistance"},"content":{"rendered":"<div>\n<p dir=\"auto\" class=\"PDq2pG_selectionAnchorContainer\">USDCAD has moved sharply higher over the last three weeks of trading. The pair has risen from a low near 1.3760 on September 8 to a high of 1.4080 today\u2014a gain of approximately 320 pips over 11 trading days.<\/p>\n<p dir=\"auto\">The move has been supported by a series of bullish technical breaks:<\/p>\n<ul>\n<li>\nThe 200-day moving average, currently near 1.38377, was broken on September 11.\n<\/li>\n<li>\nThe 100-day moving average, currently at 1.3952, was broken on September 16.\n<\/li>\n<li>\nThe pair then moved above the 50% retracement of the decline from the June 24 high to the August 21 low at 1.39894.\n<\/li>\n<li>\nToday, buyers extended the price above the 61.8% retracement at 1.40503.\n<\/li>\n<\/ul>\n<p dir=\"auto\">Each technical break has given buyers additional confidence and strengthened the bullish bias. However, the pair is now testing another important resistance level that could determine whether the rally continues.<\/p>\n<p dir=\"auto\">Buyers test resistance at 1.4080<\/p>\n<p dir=\"auto\">The next key target is the 1.4080 area, which corresponds with swing highs from August 4 and August 5. That level is being tested today.<\/p>\n<p dir=\"auto\">A sustained break above 1.4080 would give buyers another green light and shift the focus toward a swing area between 1.4129 and 1.4148.<\/p>\n<p dir=\"auto\">If the price can extend above that zone, the next major target would be the June high at 1.42474.<\/p>\n<p dir=\"auto\">The progression on the topside is therefore:<\/p>\n<ul>\n<li>1.4080: Immediate swing resistance\n<\/li>\n<li>1.4129\u20131.4148: Summer swing area\n<\/li>\n<li>1.42474: June high\n<\/li>\n<\/ul>\n<p dir=\"auto\">Buyers remain in control, but they still need to prove that they can push through\u2014and stay above\u2014the resistance at 1.4080.<\/p>\n<p dir=\"auto\">What would weaken the bullish bias?<\/p>\n<p dir=\"auto\">With the price above the 61.8% retracement, that level at 1.40503 now becomes the closest risk-defining level for buyers looking for continued upside momentum.<\/p>\n<p dir=\"auto\">Stay above it, and the buyers maintain firm control.<\/p>\n<p dir=\"auto\">Move back below it, and traders may begin to question the latest breakout. Even then, the more important support would remain near the 50% retracement at 1.39894. That level is reinforced by a swing area extending up toward approximately 1.4003.<\/p>\n<p dir=\"auto\">My guess is that traders looking for more upside would not welcome a move back below that 1.39894\u20131.4003 area. Such a move would suggest that the bullish momentum is fading and that the market may be transitioning into a deeper correction.<\/p>\n<p dir=\"auto\">Downside targets if support breaks<\/p>\n<p dir=\"auto\">If USDCAD falls back below the 50% retracement and the nearby swing area, the downside targets would become:<\/p>\n<ul>\n<li>1.3952: 100-day moving average\n<\/li>\n<li>1.39285: Broken 38.2% retracement\n<\/li>\n<li>Just below 1.3900: Converged 100- and 200-bar moving averages on the four-hour chart\n<\/li>\n<\/ul>\n<p dir=\"auto\">Those four-hour moving averages would represent a particularly important support area. A move back below them would do more technical damage and tilt the short-term bias more firmly toward the sellers.<\/p>\n<p dir=\"auto\">The technical roadmap<\/p>\n<p dir=\"auto\">For now, USDCAD buyers remain in control after breaking a succession of moving averages and retracement levels. The immediate battle is at 1.4080.<\/p>\n<p dir=\"auto\">A break above that resistance would open the door toward 1.4129\u20131.4148, followed by the June high at 1.42474.<\/p>\n<p dir=\"auto\">Conversely, a move back below 1.40503 would take some steam out of the rally. A drop below the stronger support zone at 1.39894\u20131.4003 would be more concerning for buyers and could trigger a corrective move toward the 100-day moving average and the support levels below.<\/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 over the last three weeks of trading. The pair has risen from a low near 1.3760 on September 8 to a high of 1.4080 today\u2014a gain of&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-438585","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438585","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=438585"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438585\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}