The USDCAD has moved back into the “红盒子” range (1.4268 - 1.4466), which had contained price action since mid-December. Volatility increased after President Trump took office, initially sending the pair sharply higher (CAD lower) before reversing lower (CAD higher) when tariffs on Canada were enacted and then retracted.

A couple of weeks ago, the pair broke below the 1.4268 - 1.4278 support zone, extending losses to 1.4350 before rebounding. Yesterday, price retested the 红盒子 low, briefly corrected, but then surged higher, closing back within the range.

Today, bullish momentum continues. 接下来是什么？ I outline the 关键技术水平、目标和风险定义领域 ahead. Buyers have regained control—but the question remains: 他们能守住吗？