Loonie Fights Back: CAD Attempts to Pare Losses 20/4/2026

The USD/CAD pair is currently trending slightly upward, holding above the 1.3675 support level.

Technical Outlook – 4-Hour Timeframe:

The simple moving averages on the shorter timeframes are attempting to push the price higher, while the Relative Strength Index (RSI) is trying to gain positive momentum, which could lead to limited upward movement for the pair.

Likely Scenario:

If daily trading holds above the 1.3675 support level, there is a possibility of a retest of the 1.3720 level as the first target.

Conversely, trading below 1.3665 exposes the pair to selling pressure, with targets at 1.3630 and 1.3600, respectively.

Caution: The risk level is high amid ongoing trade and geopolitical tensions, and all scenarios remain possible.

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

S1: 1.3665	R1: 1.3720
S2: 1.3630	R2: 1.3755
S3: 1.3600	R3: 1.3785