AUD/CAD and USD/CAD Test Critical Support Levels

The Australian dollar/Canadian dollar pair (AUD/CAD) is approaching a key support zone around 0.9780 on the 4‑hour chart. Analysts note that holding this level could lead to a bounce toward resistance near 0.9880, while a break may open space for further decline.

The US dollar/Canadian dollar pair (USD/CAD) has retreated to the 38.2% Fibonacci retracement, which now acts as a primary support level. Weak Canadian CPI data and recent US tariffs on Canadian goods are keeping pressure on the loonie, while the technical picture shows lower highs and increased bearish momentum, suggesting the pair could continue its downtrend if support fails.