{"id":315759,"date":"2026-03-06T09:26:08","date_gmt":"2026-03-06T09:26:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/315759\/"},"modified":"2026-03-06T09:26:08","modified_gmt":"2026-03-06T09:26:08","slug":"technical-analysis-usd-cad-trickles-lower-within-range-toward-1-3650","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/315759\/","title":{"rendered":"Technical analysis \u2013 USD\/CAD trickles lower within range toward 1.3650"},"content":{"rendered":"

USD\/CAD remains on the defensive, continuing to trade within the range established since mid\u2011February, with price action capped between the 20\u2011day and 50\u2011day simple moving averages (SMAs) inside the tight 1.3645-1.3700 band.\u00a0The Canadian dollar is still under pressure against a firmer US dollar, though it remains relatively bid amid rising oil prices linked to the ongoing Middle East conflict.<\/p>\n

The\u00a0momentum indicators\u00a0reinforce the\u00a0multi\u2011week muted tone, with the RSI flatlining near the neutral 50 mark and the MACD compressing around its zero and red signal lines, pointing to limited upside in the near term.<\/p>\n

Price action is currently drifting lower within its range after repeated rejections at the short\u2011term downtrend line. Initial support is located at the 20\u2011day SMA at\u00a01.3645, sitting just above the\u00a023.6% Fibonacci<\/a> retracement\u00a0of the November-January decline at\u00a01.3635. A break below these levels would expose support at\u00a01.3575\u00a0and then the four\u2011month low near\u00a01.3471, last touched in late January.<\/p>\n

On the upside, a decisive break above the 50\u2011day SMA and the 38.2% Fibonacci retracement at\u00a01.3730\u00a0\u2013 where the short\u2011term downtrend line also intersects \u2013 would shift the bias higher. Such a move would open the path toward the\u00a0200\u2011day SMA\u00a0near the 50% Fibonacci level at\u00a01.3809, which\u00a0recently formed\u00a0a \u2018death cross\u2019 with the 50\u2011day SMA, adding further technical weight against sustained upside.<\/p>\n

Overall, USD\/CAD<\/a> is losing momentum as it edges toward the lower bound of its multi\u2011week consolidation, with the earlier rebound from four\u2011month lows stalling. While the broader downtrend remains intact, downside risks may be limited if the pair continues to hold above the 20\u2011day SMA.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"USD\/CAD remains on the defensive, continuing to trade within the range established since mid\u2011February, with price action capped…\n","protected":false},"author":2,"featured_media":315760,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-315759","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/315759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=315759"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/315759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/315760"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=315759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=315759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=315759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}