• USD/CAD trades heavy post-payrolls, broad USD offered tone

• Spot printed 1.4151 intraday low before stabilising, 1.4140 remains key near-term support

• Failure to break cleanly lower keeps pair in consolidation mode near-term

• Decisive move through 1.4140 opens 1.4000 (pre-Fed level), then 1.3930–1.3967 support zone

• U.S. shifts to annual USMCA review, tail risk of exit removed, but policy uncertainty is elevated

• Initial resistance at 1.4250. Closing above would negate pullback risk
USDCAD hourly


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))