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USD/CAD Selloff Deepens — 1.3944 Is Now in Play

USD/CAD Selloff Deepens — 1.3944 Is Now in Play

USD/CAD has extended its decline to around 1.3972, putting the pair within striking distance of the next key support.


The Canadian dollar remains supported by the Bank of Canada’s hawkish shift and elevated oil prices, while broader USD weakness has added to the selling pressure.

Can Bears Push Below 1.3944?

The technical setup remains bearish. USD/CAD is below its 20- and 50-period moving averages, with RSI below 50 and MACD still negative.


As long as 1.4013 caps the upside, sellers remain in control.


1.3972 → 1.3944 → 1.3931


A break below 1.3944 would put 1.3931 in focus, while a recovery above 1.4013 could open the door to 1.4036–1.4050.


For now, the question is whether 1.3944 can hold — or become the next level to fall.