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      USDCAD Surges Following Federal Reserve Rate Decision

      The USDCAD currency pair has experienced a notable increase following the Federal Open Market Committee's (FOMC) recent rate decision, breaking through several significant technical levels. This upward movement has shifted control toward buyers, who now face the challenge of maintaining the breakout and overcoming resistance near the 1.4000 mark.

      Prior to the FOMC announcement, the USDCAD was trading between the 200-bar moving average at 1.3888 and the 100-day moving average at 1.3939. The post-decision surge propelled the pair above the 100-day moving average and the 38.2% retracement level at 1.3931, as well as the swing area between 1.3948 and 1.3966, which has now become the first key support level for traders.

      For buyers to solidify their position, they must surpass and remain above the resistance zone between 1.3990 and 1.4003. This area coincides with the 50% retracement of the decline from the June high. If they can extend beyond 1.4003, the next targets for upward movement will be the 61.8% retracement at 1.4052 and the higher swing area between 1.4117 and 1.4149. Conversely, sellers need to push the price below the 1.3948 to 1.3966 support area to regain control, which would weaken the bullish momentum and potentially lead to a decline toward the 200-bar moving average at 1.3888.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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