The pair climbs for a seventh straight session, supported by technical momentum and strong USD demand against the CAD.
USD/CAD rose to 1.4159, its highest level in 14 months, during European trading on Friday. The pair remains in an ascending channel, reinforcing a bullish near-term outlook as it holds above key moving averages.
The nine-day and 50-day EMAs provide support, while the 14-day RSI nears 85, signaling overbought conditions. Analysts note a break above 1.4159 could target further gains, though downside risks persist below 1.4038.
The Canadian dollar weakened against major currencies, with the yen outperforming. No immediate market reaction was reported, but the trend reflects broader USD strength.