The USDCAD extended higher yesterday and again earlier today, but both rallies have 就在关键抵抗力量汇合之前陷入停滞. The area of interest includes:

• The 200-日均线, currently near 1.40111

• The 挥杆面积阻力在1.4009至1.4027之间

• Today’s high stopped at 1.40157 before rotating back lower

This zone has now 两次拒绝买家, reinforcing its role as a critical barrier that bulls must break to extend the upside bias. A clean move above 1.4027 would open the door toward the 38.2%%回撤 of the move down from the March high at 1.40525, with other key resistance around the 50% and swing area between 1.4146-1.41836.

On the downside, the 目前初步支持接近1.3978, where the 200-4小时图上的条形移动平均线 lines up with the old swing high from April 15. Holding above that level keeps the rebound and short term bullish bias intact. A move below it, however, could trigger a deeper correction down to 1.389172 1.3904 swing area.

关键技术水平：

• 阻力： 1.4009–1.4027 (200-day MA + swing), 1.40525 (38.2% retracement), 1.4146 to 1.41836 (50% and swing area)

• 支持： 1.3978 (4H 200-bar MA/old high from April 15), 1.38917 – 1.3904 (swing area)

• 偏见： Neutral to bullish above 1.3978; stronger bullish bias only above 1.4027 and then the 38.2% retracement at 1.40525