USDCAD Faces 1.4250 Resistance. Breakout or Rebound?U.S. Dollar / Canadian DollarFOREXCOM:USDCADFOREXcomUSDCAD Faces Critical 1.4250 Resistance USDCAD is currently testing the 23.6%–27.2% Fibonacci extension zone near 1.4250, derived from the broader trend connecting the 2021 low, the 2025 high, and the 2026 low. Bullish Scenario – Sustained Hold Above 1.4250 A sustained hold above 1.4250, accompanied by continued positive RSI momentum on the monthly timeframe, could extend the rally toward the major resistance zone between: 1.4550 1.4700 This region has capped advances repeatedly since 2016 and may present another significant pullback risk. Beyond that, the 161.8% Fibonacci extension points toward the psychological 1.50 level as the next major target and long term resistance. Bearish Scenario – Reversal Below 1.41 Given the steepness of the recent advance, a reversal below 1.41 could trigger profit-taking activity and expose downside targets between: 1.3980 1.3900 These levels may determine whether a new rebound emerges or whether the pair extends losses back toward the yearly lows. - Razan Hilal, CMT