USDCAD pushed sharply higher today after an early Asian-Pacific session test of its rising 200-hour moving average (green line). The rally lifted the pair back above the 38.2% retracement of the May decline at 1.37208, and through the key swing area between 1.37498和1.37590.

That breakout opened the door for a test of the 50%回撤位至1.3777. However, the rally lost momentum just shy of that target, with the high stalling at 1.3774—just three pips short. The pair has since rotated lower, now trading back within the 1.37498-1.37590 zone, signaling some buyer fatigue.

接下来怎么办？

值得关注的关键级别：

• A break 低于1.37498 could see a retest of the 38.2%回撤至1.37208, followed by the 100小时均线上涨至1.3704附近.

• A move 重回1.37590上方 would put the focus back on the 1.3777 target.

Momentum has stalled, and this swing area will now act as a short-term 看涨或看跌控制的晴雨表.