2026-08-29 · FOREX
US Dollar / CAD (USD/CAD) Daily Analysis
HOLD
40% confidence · 1.3902 CAD
TREND
USD/CAD is currently below its 50-day EMA (1.4) indicating a bearish medium-term trend, while hovering just above its 9-day and 21-day EMAs (1.39) suggesting short-term neutrality.
SUMMARY
Yesterday's signal was a SELL at 1.3851 CAD. Today, the signal has shifted from SELL to HOLD as USD/CAD has moved up to 1.3902 CAD, showing some short-term resilience. The price is now trading right at the 9-day and 21-day EMAs of 1.39, indicating a period of consolidation. While the MACD remains bearish at 0 and the price is below the 50-day EMA of 1.4, the RSI at 46.79 is neutral, suggesting a lack of strong directional momentum.
SUPPORT
1.37
RESISTANCE
1.41
TIMEFRAME BIAS
The short-term bias is neutral as the price consolidates around key EMAs, while the long-term bias remains bearish below the 50-day EMA.
PATTERNS
No significant patterns detected.