USDCAD breaks above a key confluence area. Can buyers stay above it through the FOMC decision today?

USDCAD is pressing higher after breaking above a tightly clustered technical zone defined by the 38.2% retracement at 1.39308 and the 100-day moving average at 1.39350—levels separated by only about four pips. The pair pushed to a high of 1.39432, clearing both reference points and giving buyers a short-term edge. Still, the move must hold: 1.39308–1.39350 is now the immediate support area that, if lost, would signal a failed breakout. If buyers keep the cluster intact, upside levels highlighted include 1.3948–1.39663, 1.39901–1.40031, and 1.40557.