The USDCAD continues to grind lower, posting a series of lower lows over the last 13 days, but downside momentum remains limited. The pair has been largely contained within a broad consolidation range, with the 下境界 1.3759 近く and resistance capped near 1.3904.

More recent attempts by buyers to push the price above the 200-1 時間移動平均 （ 現在 1.38346 付近の緑線 ） have failed, reinforcing that moving average—as well as the nearby 100-時 MA 1.38148—as interim resistance. The inability to break these levels over the last few days, signals that buyers are still lacking conviction.

Overhead (on a break of the 200-hour MA), a 1.3892 と 1.3904 の間の堅い天井 has rejected rallies multiple times over the past few weeks. A break above that zone would be needed to shift the medium-term bias more favorably for buyers.

On the downside, while the pair has marked incremental new lows, momentum has been shallow. Support remains near 1.3759, and a break below could open up further downside probing as the pair trades at the lowest level going back to October 2024. The 61.8% of the range since the September 2024 low closing at 1.37415. Getting below that retracement level would be significant.

主な技術レベル ：

• 抵抗： 1.38148 (100-hour MA), 1.38346 (200-hour MA), 1.3892–1.3904 (swing area forming ceiling)

• サポート： 1.3759 - 1.3781 (lows going back to April 21)

• バイアス： Bearish tilt while below moving averages, but lacking strong downside momentum until a break and staying below 2024 lows.