The USDCAD dropped sharply after 美国商务部长卢特尼克 suggested that 加拿大商品关税将推迟或不实施, prompting sellers to take control.

Technically speaking, the price action was supportive of a move lower. Today's high 停滞在关键阻力位 near the 200-小时移动平均线（1.4373） before reversing lower. The decline pushed the pair 低于2月份交易区间61.8%回撤位1.4299 and broke out of the 整合范围（“红盒”） that had contained most of the pair’s price action from mid December until volatility surged as a result of tariff headlines in late January and early February.

February saw brief moves outside the 红盒子 in both directions, including earlier this week. Now, sellers have a renewed opportunity to assert control.

Although the bias has shifted to the downside, the 与关税相关的头条新闻可能将继续推动市场情绪，造成几乎每日波动.

As a result, a move 回到红盒子里, and above the lower 挥杆面积为1.4279, would shift bias back to buyers and there likely is to be more buying on the failed break.

相反，保持低于该水平可以让卖家保持控制权, with key downside targets at 1.4246, followed by the 100-日移动平均线为1.41874. A further break could bring the 2月低点1.4166和1.4150 into focus.