CAD Continues Its Gradual Climb 7/4/2026

USD/CAD Technical Analysis — 4-Hour Chart

The USD/CAD pair is maintaining its gradual upward trajectory after successfully finding support near the 1.3880 level, keeping the bullish structure intact.

Technical Outlook

Price continues to track along an ascending trendline that reinforces the positive scenario, while holding above the simple moving averages which are providing dynamic support and bolstering the case for further upside. Adding to the constructive picture, the RSI is displaying positive signals that align with the broader bullish bias.

Key Levels to Watch

As long as price holds above the 1.3890 support level on a daily closing basis, the bullish bias remains the preferred scenario, with 1.3945 as the first upside target. A break above that level would accelerate the uptrend’s momentum, bringing 1.3975 and then 1.4000 into view as the next successive targets.

Risk Warning: Trading carries a high level of risk amid ongoing trade and geopolitical tensions — all scenarios remain possible and sound risk management is essential.

Risk note
Headline risk is elevated. Use prudent sizing and firm stops; reassess quickly if these trigger levels give way.

S1: 1.3895	R1: 1.3945
S2: 1.3860	R2: 1.3975
S3: 1.3840	R3: 1.4000