{
  "id": 9294933,
  "title": "USD/CAD Price Forecast: Eyes 1.4100 as bulls retain control near July 29 highs",
  "url": "https://urgent.news/2026/09/23/usd-cad-price-forecast-eyes-1-4100-as-bulls-retain-control-near-july",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T07:14:02.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/usd-cad-price-forecast-eyes-14100-as-bulls-retain-control-near-july-29-highs-202609230714"
  },
  "original_language": "en",
  "account": "The USD/CAD currency pair maintained its weekly uptrend during the early European session on Wednesday, reaching a new high since July 29. Traders are now watching for a move above the 1.4100 level to continue the upward momentum. Crude oil prices fell to a two-week low due to increased hopes of a diplomatic resolution to the US-Iran conflict and the reopening of the Strait of Hormuz, which weakens the commodity-linked Canadian Dollar. The US Dollar also reached a fresh high since July 30 after the Federal Reserve's hawkish remarks, further driving the USD/CAD pair upward. A technical breakout above the 100-day Simple Moving Average (SMA) at 1.3958 triggered bullish sentiment, and the subsequent advance beyond the 61.8% Fibonacci retracement at 1.4051 supports a bullish near-term outlook. The MACD indicator remains positive, indicating persistent upward momentum. However, the RSI at 68.4 suggests the rally may be nearing a consolidation phase rather than an immediate reversal. The next resistance level is at the 78.6% retracement near 1.4137, followed by the cycle high at 1.4246. On the downside, support is found at the 61.8% retracement at 1.4051, the 50.0% retracement at 1.3991, and the 100-day SMA at 1.3958, with additional Fibonacci support at 1.3931, 1.3857, and 1.3736. A decisive break below these support levels would invalidate the current bullish structure.",
  "summary": "The USD/CAD pair prolongs its weekly uptrend for the third straight day, hitting a fresh high since July 29 during the early part of the European session on Wednesday. Bulls now await a move beyond the 1.4100 round figure before positioning for further gains amid a supportive fundamental backdrop.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecasts: XAG/USD holds within range with bulls capped below $68.00 area",
        "url": "https://urgent.news/2026/09/23/silver-price-forecasts-xag-usd-holds-within-range-with-bulls-capped",
        "published": "2026-09-23T06:17:55.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}