USD/CAD Sellers Stall Below 100-Hour MA at 1.4168 Resistance

USD/CAD remains locked in a bearish lean but sellers have struggled to generate the momentum needed for a decisive breakdown. The pair pushed higher during the early Asian session but was once again rejected at the falling 100-hour moving average, currently at 1.41685, which has emerged as a reliable resistance barometer for short-term directional bias. Last Wednesday saw buyers test and fail at this same level, reinforcing its significance as a technical ceiling. The repeated failures at the 100-hour MA suggest persistent selling interest on rallies, but the inability of bears to sustain lower prices points to underlying support and indecisive positioning. The pair appears range-bound in the near term, with the 100-hour MA defining the upper boundary. A clean break above 1.41685 would shift momentum back toward buyers and could trigger a short-covering rally. Alternatively, a failure to reclaim this level followed by renewed selling pressure could see the pair test lower support zones. Traders should watch for a volume-backed breakout in either direction for confirmation.