The post Struggles below 1.3600 amid rising Oil prices appeared on BitcoinEthereumNews.com.

The USD/CAD pair struggles to build on the overnight bounce from the 1.3525 area, or a nearly one-month low, and oscillates in a narrow band during the Asian session on Tuesday. Spot prices currently trade below the 1.3600 mark, nearly unchanged for the day, amid mixed fundamental cues. Crude Oil prices regain positive traction following Monday’s dramatic turnaround from the highest level since July 2022, which is seen underpinning the commodity-linked Loonie and acting as a headwind for the USD/CAD pair. Meanwhile, the global flight to safety benefits the US Dollar (USD) and offers some support to the currency pair. From a technical perspective, the overnight breakdown through a short-term trading range comes on top of the recent repeated failure to build on the momentum beyond the 200-period Exponential Moving Average (EMA) on the 4-hour chart. This, in turn, suggests that the path of least resistance for the USD/CAD pair remains to the downside. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator remains below its signal line and below the zero line, with a shallow negative histogram that suggests persistent but not aggressive selling pressure. The Relative Strength Index around 43 stays below the 50 midpoint, aligning with a downside tilt while avoiding oversold conditions and leaving room for further weakness if sellers press the move. Initial support emerges at 1.3550, guarding a deeper slide toward 1.3535 and then 1.3500 if bearish momentum extends. On the upside, resistance stands at 1.3645, ahead of the 1.3680 zone that aligns with the 200-period EMA on the 4-hour chart and acts as a pivotal cap for any corrective bounce. A clear break above that cluster would ease immediate downside pressure and open the way toward 1.3720, while failure to reclaim it would keep rallies vulnerable to renewed selling interest back toward the recent…

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Filed under: News - @ March 10, 2026 6:23 am