{"id":440930,"date":"2026-10-27T23:40:07","date_gmt":"2026-10-27T16:40:07","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/usdcad-buyers-push-higher-but-the-100-day-ma-remains-a-key-hurdle-440930\/"},"modified":"2026-10-27T23:40:07","modified_gmt":"2026-10-27T16:40:07","slug":"usdcad-buyers-push-higher-but-the-100-day-ma-remains-a-key-hurdle","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/usdcad-buyers-push-higher-but-the-100-day-ma-remains-a-key-hurdle-440930\/","title":{"rendered":"USDCAD buyers push higher, but the 100-day MA remains a key hurdle"},"content":{"rendered":"
\n

The USDCAD trended higher through September (see chart below), but the buyers ran into a ceiling in early October. Three separate highs between October 5 and October 14 stalled near 1.4291\u20131.4298. The buyers had their chances to extend the trend. They could not get through.<\/p>\n

That inability to break higher opened the door for sellers, and the subsequent move lower was quick and directional. The decline continued until October 23, when the price reached 1.3968.<\/p>\n

That low stalled just above an important swing area between 1.3948 and 1.3963. The 61.8% retracement at 1.3948 added technical significance to the support zone. Sellers took back a large portion of the September rally, but they could not push through that next downside target.<\/p>\n<\/p>\n

Yesterday\u2019s break above the 100-day MA failed<\/p>\n

The bounce from last week\u2019s low took the price above its 100-day moving average yesterday, currently at 1.40447. However, the break could not be sustained. Buying momentum faded, and the price rotated back to the downside.<\/p>\n

That failed break matters. Getting above a key moving average is one step. Staying above it is what gives traders more confidence that control is shifting.<\/p>\n

Yesterday, the buyers could not complete that second step.<\/p>\n

Buyers make another push from a narrow range<\/p>\n

Today, the price initially consolidated mostly below its 100-hour moving average at 1.4018. More recently, buyers have extended the narrow trading range higher, moving back above that moving average and away from the 50% midpoint at 1.40149.<\/p>\n

That gives the buyers a short-term foothold. The 1.40149\u20131.4018 area now becomes close support and a risk-defining zone for traders looking for the recovery to continue.<\/p>\n

Stay above it, and the buyers can keep probing higher. Move back below it, and the latest upside break starts to lose its technical backing.<\/p>\n

The 100-day and 200-hour MAs are the next tests<\/p>\n

The immediate question is whether the price can get back above the 100-day MA at 1.40447\u2014and stay above it.<\/p>\n

A sustained break would give the buyers more confidence and shift attention toward the falling 200-hour MA at 1.40678. Getting above that moving average would clear another hurdle and strengthen the bullish recovery.<\/p>\n

Until those levels are broken, however, the rebound still has work to do. Sellers have technical levels against which they can lean and define their risk.<\/p>\n

A move back below support would put sellers firmly in control<\/p>\n

Conversely, if the price stalls below the overhead moving averages and rotates back below 1.4018 and 1.40149, sellers would regain firm control.<\/p>\n

That would put the October 23 low at 1.3968 back in focus, followed by the more important 1.3948\u20131.3963 swing area. A break below that zone, including the 61.8% retracement, would open the door for another extension lower.<\/p>\n

For now, the buyers are making a play. Holding 1.40149\u20131.4018 keeps that play alive. Breaking and holding above 1.40447, followed by 1.40678, would give it more credibility.<\/p>\n

Below is the technical ladder for traders in the USDCAD.\u00a0\u00a0<\/p>\n<\/p>\n

This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The USDCAD trended higher through September (see chart below), but the buyers ran into a ceiling in early October. Three separate highs between October 5 and October 14 stalled near 1.4291\u20131.4298. The…<\/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-440930","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440930","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=440930"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440930\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}