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fxJun 24, 2026, 4:17 PM

USD/CAD Bulls Retain Upper Hand Above 1.4000

USD/CAD rallied to fresh highs since April 2025 on Wednesday, with bulls maintaining control above the 1.4000 level despite an overbought RSI reading.

USDCAD

The Canadian Dollar faced a double blow from a stronger US Dollar and falling oil prices, pushing USD/CAD to its highest level since April 2025. The pair traded firmly above the 1.4000 psychological mark.

Technical indicators show the Relative Strength Index (RSI) is in overbought territory, yet the bullish momentum remains intact. Traders are watching for potential pullbacks, but the current trend suggests buyers retain the upper hand.

No fresh economic data or central bank commentary was cited in the original post. The move is attributed entirely to the combined weight of USD strength and CAD weakness linked to lower oil prices.

Source: FXStreet Forex News