USDCAD retests 100/200 hour MAs at day highs, but stalls.

USDCAD has experienced choppy price action today, with support holding above the 50% retracement level of thethe move up from the February 2025 low at 1.4345.

On the upside, resistance remains firm between the 100-hour and 200-hour moving averages (1.4387–1.4403). A breakout above these MAs would shift the bias higher, while staying below keeps sellers in control with the 50% at 1.4345 the downside target.

US Commerce Sec. Lutnick said in a Fox News area today that Mexico and UK have been pragmatic and thoughtful about tariffs. The EU and Canada have not.