CAD – Canadian dollar under pressure as Trump's auto tariffs weigh

USD/CAD retreated to the 1.43 level, moving away from Wednesday's low of 1.4233. As can be seen from the technical chart, both the RSI and the stochastic index have rebounded from the oversold area, and the exchange rate can be temporarily held above the 100-day moving average. If it can continue to hold steady, the US dollar is expected to continue to rebound. The current 100-day moving average is at 1.4270. The greatest support is estimated at 1.4140 and 1.40 levels, and the key reference will be the 250-day moving average of 1.3920. As for the upward resistance level, we will firstly look at 1.44 and 1.4450, and the next level is forecasted to be 1.4550 and 1.46 levels.

Forecast range:
Resistance 1.4400 – 1.4450 – 1.4550 – 1.4600
Support 1.4270* - 1.4140 – 1.4000 – 1.3920

Any questions? contact our professional analysis team