Loonie Loses Ground Steadily 14/4/2026

USD/CAD Technical Analysis

The USD/CAD pair has maintained its downward trajectory after encountering strong resistance near 1.3890, prompting a pullback.

Technical Outlook – 4-Hour Timeframe:

The simple moving averages are exerting downward pressure on price action, while the pair continues to trade within a descending corrective channel, reflecting sustained selling momentum.

Bearish Scenario: As long as price remains below the 1.3830 resistance level, the downtrend is the most probable outcome, targeting 1.3750. A breach below this level would open the path toward 1.3715.

Bullish Scenario: A sustained move above 1.3750 could temporarily interrupt the expected downtrend, allowing the pair to recover toward 1.3850.

Risk Considerations:

High-impact economic data from the US is expected today, specifically the Producer Price Index (PPI). Significant price volatility is anticipated around the data release.

The current risk environment remains elevated amid ongoing trade and geopolitical tensions. Multiple scenarios remain viable, and appropriate caution is advised.

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

S1: 1.3750	R1: 1.3850
S2: 1.3715	R2: 1.3915
S3: 1.3660	R3: 1.3945