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USD/CAD edges higher on Wednesday, extending gains for a third straight session as a broadly stronger US Dollar (USD) keeps the Canadian Dollar (CAD) under sustained pressure.
At the time of writing, the pair is trading around 1.3806, its highest level since January 22.
The Greenback continues to draw support from escalating Middle East tensions. In the latest developments, Iran has rejected a US-backed ceasefire proposal and poured cold water on Washington’s 15-point plan, saying any deal would be on its own terms.
At the same time, Oil prices remain volatile, holding above pre-conflict levels despite a recent pullback. Given Canada’s status as a major crude exporter, elevated Oil prices typically support the commodity-linked Loonie. However, the broader strength in the USD and persistent risk aversion are currently outweighing that support, keeping USD/CAD biased to the upside.
From a technical perspective, USD/CAD is showing strengthening momentum after breaking above the 50-day Simple Moving Average (SMA) at 1.3680 and clearing the 1.3700-1.3750 resistance zone, which had capped upside attempts since early February.
The latest leg higher has pushed the pair above the 100-day SMA at 1.3783, signaling a potential shift toward a more bullish near-term bias.
The Relative Strength Index (RSI) at 65 moves away from its midline and approaches overbought territory, signaling firm upside momentum rather than exhaustion at this stage.
The Moving Average Convergence Divergence (MACD) line holds above its Signal line in positive territory, and the positive histogram persists, which reinforces the view that buying pressure dominates the current leg higher.
On the upside, a sustained move above the 100-day SMA could pave the way for initial resistance at 1.3850, which aligns closely with the January 22 high, followed by the 1.3900 psychological level.
On the downside, failure to hold above the 100-day SMA could see the pair retest the 1.3700-1.3750 zone, which has now turned into support after previously capping gains. Holding above this region keeps the bullish bias intact, while a break below would tilt the outlook back to the downside.
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.27% | 0.21% | 0.35% | 0.31% | 0.48% | 0.26% | 0.37% | |
| EUR | -0.27% | -0.06% | 0.09% | 0.04% | 0.21% | -0.01% | 0.10% | |
| GBP | -0.21% | 0.06% | 0.15% | 0.10% | 0.27% | 0.06% | 0.17% | |
| JPY | -0.35% | -0.09% | -0.15% | -0.04% | 0.14% | -0.09% | 0.02% | |
| CAD | -0.31% | -0.04% | -0.10% | 0.04% | 0.18% | -0.03% | 0.06% | |
| AUD | -0.48% | -0.21% | -0.27% | -0.14% | -0.18% | -0.21% | -0.11% | |
| NZD | -0.26% | 0.00% | -0.06% | 0.09% | 0.03% | 0.21% | 0.10% | |
| CHF | -0.37% | -0.10% | -0.17% | -0.02% | -0.06% | 0.11% | -0.10% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
(This story was corrected on March 25 at 18:15 GMT to say that USD/CAD extends gains for a third straight session, not a second session.)
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USD/CAD edges higher on Wednesday, extending gains for a third straight session as a broadly stronger US Dollar (USD) keeps the Canadian Dollar (CAD) under sustained pressure.
NZD/USD trades lower on Wednesday around 0.5820, down 0.22% on the day, extending its decline for a second straight day. The downside move is mainly driven by the strength of the US Dollar (USD), supported by a broader risk-off environment.
法国巴黎银行（BNP Paribas）认为，欧盟（EU）制造业企业在迎接来自伊朗的2026年能源冲击时，历史性地保持了较低的不良贷款（NPL）比率，表明其财务健康状况较2022年更为强劲
BNP Paribas argues that European Union (EU) manufacturing firms enter the 2026 energy shock from Iran with historically low non-performing loan (NPL) ratios, suggesting stronger financial health than in 2022.
美國 5-Year Note Auction从前值3.615%增加至3.98%
UOB economist Lee Sue Ann highlights that Australian inflation remains elevated, with housing and electricity key drivers, even as trimmed mean CPI tracks slightly below earlier RBA projections.
大华银行经济学家李秀安指出，尽管截尾均值CPI略低于澳储行早期预测，但澳大利亚通胀仍然居高不下，住房和电力是主要推动因素。
United States 5-Year Note Auction increased to 3.98% from previous 3.615%
澳元/美元因澳大利亚通胀数据喜忧参半及全球风险情绪变化而下跌，跌至接近0.6960价位区间，令交易者保持谨慎。