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fxJul 21, 2026, 4:59 AM

USD/CAD Intraday Rally Stalls Near 1.4100 Confluence Hurdle

The USD/CAD pair extended its recovery for a second day on Tuesday but faced resistance near the 1.4100 confluence area, after bouncing from the lowest level since mid-June around 1.4000.

USDCAD

The USD/CAD pair attracted buyers for the second consecutive trading session on Tuesday, recovering further from its lowest level since June 17 near the 1.4000 psychological mark. However, the intraday positive momentum stalled as the pair approached the key 1.4100 confluence hurdle.

This resistance zone is considered significant, potentially limiting further upside in the near term. The pair's ability to break above this level would be crucial for extending the recovery, while failure could lead to renewed selling pressure. Traders are monitoring price action around this area for directional cues.

Source: FXStreet Forex News