USD/CAD

The pair has rebounded from the key 1.4000 psychological floor but is now stalling at the 1.4100 resistance zone — the next directional break above 1.4120 or below 1.3980 will set the medium-term trend.

USDCAD is caught between the 1.4000 one-month low and pivotal resistance at the 1.4100 figure, with oil at $89.2 capping CAD weakness and a softer USD tone keeping upside limited.

Main Risk

Oil Price Reversal Risk (WTI at $89.2)

Oil has faded from $90+ to $89.2 intraday; a sharper drop toward $85 would strip away the loonie's key commodity support and push USDCAD back above 1.4150.