The USDCAD has spent the past six trading days consolidating in a tight range between 1.3651 と 1.3710. On Monday, the pair moved up to test the top of that range but met sellers once again. The subsequent dip found support near 1.36697, matching yesterday’s low (and a swing low from Friday as well), before rebounding higher in today’s U.S. session on renewed dollar buying.

The pair is now once again testing the 1.3707 — 1.3710 抵抗ゾーン, which has capped multiple rallies since last Tuesday. Although Friday's spike—driven by U.S. tariff news—briefly pushed the pair above this area, the run higher could not be sustained for long, and buyers quickly pushed the price lower, and reestablished the 1.3710 level as resistance. That failed breakout further reinforces 1.3710 はクリティカルバリア.

A 1.3710 を上回るブレイク & クローズ would strengthen the bullish case with work to do. The 1.37208 で 38.2% リトレース, followed by a test of last week’s high at 1.3730 would still need to be broken -and stay broken - to add to the bullish momentum.

On the downside, if sellers lean, watch for support at the 100-時間 MA （1.3687） and the 200-時間 MA （1.3659）. A move below both would shift the short-term bias back in favor of the sellers.

ボトムライン： Momentum is tilting higher, but 1.3710 を上回る決定的な動きが必要です to confirm a bullish breakout. Until then, traders remain stuck in a range awaiting a catalyst.

主な技術レベル ：

• 抵抗： 1.3707–1.3710 (July highs), 1.3730 (Friday high), 1.3759 (next swing level)

• サポート： 1.3687 (100-hour MA), 1.3659 (200-hour MA), 1.3631

現在のレジスタンスゾーンを上回るブレークが確認されれば、短期バイアスが強気になります。トレーダーはフォローアップに警戒しています。