{"id":441367,"date":"2026-11-03T02:40:21","date_gmt":"2026-11-02T19:40:21","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/usdcad-decline-stalls-at-key-support-can-buyers-build-on-the-bounce-441367\/"},"modified":"2026-11-03T02:40:21","modified_gmt":"2026-11-02T19:40:21","slug":"usdcad-decline-stalls-at-key-support-can-buyers-build-on-the-bounce","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/usdcad-decline-stalls-at-key-support-can-buyers-build-on-the-bounce-441367\/","title":{"rendered":"USDCAD decline stalls at key support. Can buyers build on the bounce?"},"content":{"rendered":"<div>\n<p>The USDCAD has been trending lower after peaking near 1.4300 in October. However, the selling is losing some steam as the price tested the 61.8% retracement of the move up from the August low on Friday and again today. That level comes in at 1.39497, within a swing area between 1.3948 and 1.3963.<\/p>\n<p>Buyers are leaning against that support and have pushed the price back toward 1.3975 on the chart. That gives them an opportunity to build a corrective move higher. It also gives them a close risk level. Stay above the support area, and the buyers can stay in the game. Move below, and the selling can resume.<\/p>\n<p>Buyers have work to do on the topside<\/p>\n<\/p>\n<p>Holding support is a start, but buyers still need to get through a cluster of technical resistance to take back more control.<\/p>\n<p>The first hurdle is the falling 100-hour moving average at 1.39976. Above that sits the 200-hour moving average near 1.4009, followed by the 50% midpoint of the August-to-October move near 1.4016.<\/p>\n<p>Those levels are the next upside barometers. A move above the 100-hour moving average would give buyers some encouragement, but getting and staying above the full cluster would strengthen the corrective bias.<\/p>\n<p>From there, the 100-day moving average at 1.40453 becomes the next target, followed by the swing area between 1.4068 and 1.4080 and the 38.2% retracement at 1.40828.<\/p>\n<p>A break below support puts sellers back in control<\/p>\n<p>Conversely, if the bounce stalls below the hourly moving averages and the price breaks below 1.3948\u20131.39497, the sellers would have the opportunity to extend the decline. The 200-day moving average at 1.38877 would become the next key downside target.<\/p>\n<p>For now, buyers have stalled the fall at a logical support level. They need to build on that defense by taking out resistance above. Until then, the bounce remains a correction within the broader move lower.<\/p>\n<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The USDCAD has been trending lower after peaking near 1.4300 in October. However, the selling is losing some steam as the price tested the 61.8% retracement of the move up from 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-441367","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441367","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=441367"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441367\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}