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ForexUpdated×6•Originally published 20 April 2026•Updated 21 April 2026•

1 min read

USD/CAD Stabilizes Near 1.36500 After Six-Day Losing Streak

Two central bankers, Christine Lagarde and Thomas Jordan, with EU and Swiss flags, Euro and Swiss Franc symbols, and coins.

Key Facts

1The USD/CAD pair is maintaining its recovery move around the 1.3700 psychological level.

The USD/CAD pair has stabilized around the 1.36500 level, pausing a six-day losing streak with a modest gain of approximately 0.1%. The pair received crucial support from a firmer US Dollar, which helped sustain its recent recovery amid shifting geopolitical focus. However, technical indicators continue to signal persistent downside risks despite the current stabilization, as the pair remains below its 100-day Exponential Moving Average (EMA). Market participants are closely monitoring how Middle East tensions might impact energy prices and commodity-linked currencies like the Loonie. Consequently, the price action reflects a tug-of-war between fundamental support from the Greenback and lingering technical bearishness. Traders remain in a wait-and-see phase as they digest these conflicting market signals.

about 1 month ago

Version History

Version 6about 1 month ago

What changed: The story was updated to include the support provided by a firmer US Dollar and to highlight persistent downside risks indicated by technical analysis.

Version 5about 1 month ago

What changed: Updated the story to reflect the pause in bearish momentum and the pair's stabilization at 1.36500 as geopolitical risks come into focus.

Version 4about 1 month ago

What changed: Added technical analysis confirming a sustained bearish bias as the pair remains below the 100-day EMA.

Version 3about 1 month ago

What changed: Updated the story to reflect the pair's six-day losing streak driven by lower-than-expected Canadian inflation data and a softening US Dollar.

Version 2about 1 month ago

What changed: Updated the narrative to include anticipation of Canadian CPI data and the US Dollar's safe-haven role amid Middle East tensions.

Version 1about 1 month ago

What changed: Updated the story to reflect how rising oil prices and geopolitical risks in the Strait of Hormuz are strengthening the Loonie and causing USD/CAD bulls to move to the sidelines.