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Market Overview
USD/CAD closed at 1.35255 on January 16, 2026, marking a slight decline of 0.09% from the previous session. Despite a modest pullback, the pair remains in an uptrend supported by the 20-day moving average at 1.35048, with the 50-day and 200-day averages not explicitly provided but implied stable. The RSI indicates moderate momentum, while nearest support and resistance levels stand near 1.34824 and 1.35726, respectively. Upcoming US economic data and Canadian central bank policy announcements may influence price action. Technical signals suggest continued upward momentum, consistent with the current trend and recent price consolidation. For information only.
Last Updated 1/29/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.