• Repeated attempts to push above 100DMA and a doji candle failure on April 7

• Steep Wednesday fall and session concluded with a bearish engulfing line

• Two big support points looming large at 1.4028 and 1.4005

• The levels being the April 3 2025 low and 200DMA, respectively

• The big dollar has not been below the 200DMA since October

• Bears can target November low of 1.3817 on a break

• USD/CAD Trading Page
USD/CAD daily candle chart:

(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)