Yesterday’s trading in USDCAD was marked by sharp two-way volatility. Early in the session, the pair broke away from the 100 hour MA in the European/early US session (see blue line). The decline took the price below the key swing area between 1.36858和1.36923, and extended toward the downside before stalling just ahead of the 200-小时均线 (currently near 1.3676). That dip proved short-lived, as buyers stepped in and drove the price back higher into the close, retesting the 100-小时移动平均线为1.3727. This strong rebound erased the earlier downside pressure and set the stage for today's bullish continuation.

In today’s trade, the pair consolidated for much of the session around the 100-小时MA和5 - 6月跌幅的38.2%回撤位（1.3722）. After spending time moving above and below those levels, USDCAD gained upside momentum and is now stretching higher, away from that technical congestion zone. The next upside target sits at the 跌幅较大的中点50%, located near 1.3781—a level that will be key for further bullish extension.

只要价格保持在1.3722-1.3727支撑区上方，短期内多头仍将控制局面。如果跌破该区域，将使偏见重新转向中性，并再次关注1.3692-1.3685的摆动区域和200小时均线。

关键级别：

• 技术支持： 1.3722–1.3727 (38.2% & 100-hour MA), then 1.3692–1.3685, followed by 1.3676 (200-hour MA)

• 抗性： 1.3781 (50% retracement), then 1.3814 and 1.3860

看涨势头持续，而价格仍位于1.3727附近突破阻力转支撑上方。