USD/CAD Tests 200-Hour MA at 1.4086 as Buyers Push New Highs

USD/CAD is pushing to new session highs, testing the falling 200-hour moving average at 1.40858 — a level that has taken on significant technical importance after previously acting as the catalyst for the pair's latest downside correction. The pair's advance brings it to a critical inflection point where buyers must demonstrate conviction to break above this dynamic resistance level. A sustained move above the 200-hour MA would signal a shift in short-term momentum from bearish to bullish, potentially opening the door for further upside toward the next resistance zones. Conversely, rejection at this level would reinforce the broader corrective pattern and could send the pair back toward recent lows. The move higher comes amid broader U.S. dollar strength and remarks from USTR Greer regarding Canadian trade practices, which may be adding marginal pressure on the Canadian dollar. Traders should closely monitor the price action around 1.40858, as a decisive break or rejection will likely set the near-term directional tone for the pair.