USDCAD Analysis: Three Bounce ScenariosHello traders!
USDCAD is offering three trading scenarios on the daily timeframe.
The first scenario suggests the pair may react bullishly from the currently approached zone, setting up a bounce opportunity that could drive price higher toward the 1.41600 area.
The second scenario anticipates a b
About U.S. Dollar / Canadian Dollar
The US Dollar vs. the Canadian Dollar is a very popular currency pair due to the extremely large amount of cross border trading that occurs between the U.S. and Canada. The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.
USD/CAD - Wedge Breakout (06.05.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering
USDCAD – Reversal Setup Ahead of FOMC DecisionUSD/CAD has bounced off strong support near 1.3770, forming a clean bullish structure into a pivotal week dominated by the FOMC meeting. Price action shows higher lows and a tightening range, signaling a potential breakout. With the Fed expected to hold rates but maintain a hawkish tone, the USD may
USDCAD: Important Breakout 🇺🇸🇨🇦
USDCAD broke and closed above a significant daily resistance cluster.
The broken structure turns into a solid demand zone now.
The next strong resistance is 1.3957.
It will most likely be the next goal for the buyers.
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USD/CAD: The US Dollar in a Trap! Ready for a Rebound?Technical Overview:
The monthly chart of USD/CAD shows a weakening phase of the US dollar against the Canadian dollar. Currently, the price is located at a key support zone around 1.3800. The RSI suggests a potential technical rebound, but the bearish structure remains intact until the resistance a
USD_CAD SHORT FROM RESISTANCE|
✅USD_CAD is going up now
But a strong resistance level is ahead at 1.3964
Thus I am expecting a pullback
And a move down towards the target of 1.3869
SHORT🔥
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USD-CAD Potential Short! Sell!
Hello,Traders!
USD-CAD went up sharply
And is about to hit a horizontal
Resistance of 1.3964 from
Where we will be expecting
A local bearish correction
And a local move down
Sell!
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USDCAD: Bullish Move Will Continue 🇺🇸🇨🇦
USDCAD will likely continue rising after a retest of a recently
broken significant daily resistance cluster.
A double bottom pattern formation on its retest provides
a strong intraday bullish confirmation.
Canadian fundamentals data strengthened buyers even more.
I think that the pair is going
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The value of the USDCAD pair is quoted as 1 USD per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 USD.
USDCAD is a major currency pair, i.e. a popular currency paired with USD.
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