USDCAD DAILY OUTLOOK: Trying to build momentum

GVI · August 4, 2026
General

On the verge of breaking down momentum and shifting risk to the upside..

For that to occur, a firm break of 1.4068 would be needed.

Downside limited while above 1.4008. Minor support 1.4029-35.

Noe correlation with weaker crude oil prices.

(AT 4 hour chart)

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