Get started

Canadian Dollar / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

CADUSD trade ideas

USDCAD Shorting!Hey Traders!! Currently, the USDCAD pair is consolidating within a rectangular price range, with the lower boundary align closely with a short-term (1-hour) support level that has held firm through recent volatility. This consolidation suggests a temporary equilibrium between buyers and sellers. Given the recent bullish momentum defending this 1H support, there’s a strong likelihood the pair will retrace upward to retest the rectangle’s resistance zone. If this resistance holds—marked by signs of bearish rejection, the pair may reverse lower to target the broader 4-hour timeframe support structure, which aligns with the larger trend’s key demand area. To strengthen this thesis, traders should watch for: Confirmation Signals: A decisive close below the 1H support or failure to breach resistance could invalidate the setup. Momentum Alignment: Bearish divergence on the 4H chart or weakening buying volume during the retest. Risk Management: Positioning stops above the rectangle’s resistance (or a recent swing high) to guard against false breakdowns. Does this technical narrative resonate with your observations?
Short
by sirkamal
USDCAD Technical Analysis! SELL! My dear followers, I analysed this chart on USDCAD and concluded the following: The market is trading on 1.4410 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4370 Safe Stop Loss - 1.4437 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USDCAD - Where will the Canadian dollar go?!The USDCAD pair is above the EMA200 and EMA50 on the 4-hour timeframe and is moving in a range. As long as the pair is in this range, the best thing to do is to sell at the top and buy at the bottom. A break of this range to the top or bottom will allow us to continue its rise and fall. The Bank of Canada has announced its decision to lower the policy interest rate to 3% after six consecutive reductions. Additionally, it confirmed the end of quantitative tightening (QT) and the gradual resumption of asset purchases starting in March. These measures reflect the central bank’s effort to stabilize the economy and support sustainable growth. The Bank of Canada emphasized three key points: • Inflation has approached the 2% target. After a period of high volatility, inflation expectations have moderated, and price pressures—except in the housing sector—have eased. • Lower interest rates have increased household spending power and gradually boosted economic activity, particularly in the housing sector and durable goods purchases such as automobiles. • New U.S. trade policies remain a significant risk to Canada’s economy. Any escalation in trade tensions could negatively impact economic growth. One of the first sectors to benefit from the rate cut is the housing market.Lower borrowing costs are expected to attract new buyers; however, the central bank anticipates a more balanced increase in housing prices over time. The recent slowdown in construction activity and declining rental prices indicate that investment appeal in this sector has somewhat diminished. For investors and entrepreneurs, the lower interest rates present an opportunity to secure cheaper financing and expand their businesses. Sectors such as startups, technology, and export-driven manufacturing are expected to gain the most from this policy. With inflation stabilizing around 2% and the economy recovering, the Bank of Canada sees no immediate need for further rate cuts. However, potential economic disruptions from U.S. trade policies could alter this outlook. Reports suggest that if U.S. President Donald Trump proceeds with a proposed 25% tariff on Canadian imports, the Canadian government plans to implement financial aid measures similar to those used during the COVID-19 pandemic. However, these programs require parliamentary approval, and given that the Liberal government lacks a parliamentary majority, there is no guarantee they will pass. All opposition parties have expressed their intent to oust the current government, meaning any economic stimulus package would require support from the New Democratic Party (NDP). The NDP has backed the Liberal government over the past three years. The Canadian Parliament is currently adjourned until March 24, allowing the Liberal Party to select a new leader to replace Justin Trudeau, with Mark Carney as a likely successor. However, an early leadership decision may occur before the scheduled date. Tiff Macklem, Governor of the Bank of Canada, stated that household debt is not a sustainable driver of consumption growth. He expressed greater concern about declining business investment due to tariff threats, arguing that such policies could have a more significant impact on the Canadian dollar than interest rate differentials. He also reaffirmed that the Bank of Canada believes inflation has been successfully contained. The central bank aims to ensure that any CPI increases resulting from tariffs remain temporary and that the consequences of trade policies are managed to minimize sudden economic disruptions.
by Ali_PSND
USD/CAD Chart Analysis Following Bank of Canada’s Rate CutUSD/CAD Chart Analysis Following Bank of Canada’s Rate Cut Unlike the Federal Reserve, which opted to leave its monetary policy unchanged, the Bank of Canada cut its interest rate yesterday. According to Forex Factory, as expected by analysts, the Overnight Rate was lowered by 25 basis points from 3.25% to 3.00%. According to Reuters: → The Bank of Canada reduced interest rates to support the economy ahead of anticipated US trade tariffs. → This weakened the Canadian dollar, as the gap between Canadian and US bond yields widened. → Market participants estimate a 41% probability that the Bank of Canada will cut rates again in March. → The depreciation of the Canadian dollar is also influenced by oil prices (one of Canada’s key export commodities), which have fallen by over 8% since their mid-January peak. Technical analysis of the USD/CAD chart indicates that the Canadian dollar’s exchange rate against the US dollar is forming a “Megaphone” pattern, with price action demonstrating the presence of selling pressure. On 21 January, sellers sharply pushed the price down from the psychological level of 1.4500, and yesterday, the price made a bearish reversal from 1.4450. There is a possibility that seller activity could drive USD/CAD lower towards a key trendline (marked in grey) that has been forming since the second half of 2024. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
USD/CAD levels heading into US GDPThe strong rally from the October low has entered a sideways range, and prices have seen failed attempts to break above a prior double-top high ~1.4468. A bearish pinbar also formed yesterday beneath the double top and the daily RSI (2) is also near the overbought zone. The 4-hour chart shows a 2-bar bearish reversal at the range highs, and until we see a breakout accompanied with a worthy headline, the bias is to fade into moves below 1.4470 with for some mean reversion back towards the 2020 weekly-close high at 1.4332 Matt Simpson, Market Analyst at City Index and Forex.com
Short
by CityIndex
US Dollar demand persists....for now | FX ResearchUS durable goods and consumer confidence data came in softer on Tuesday but did nothing to prevent the US dollar from rallying. In the end, everything has come down to tariff talk out of the US government, and with the Trump Administration continuing to talk tough on tariffs, the US dollar is the natural play. It is also worth noting that many market participants were quick to highlight a solid US durable goods reading when the volatile transportation components were stripped out. Moving on, there have been concerns about the German growth outlook, the Bank of Canada announced a new repo facility, the BOJ minutes showed more room for additional rate hikes, and Aussie inflation data came out on the softer side. Looking at the calendar for the remainder of the day, key standouts include German consumer confidence, the US Advanced Goods trade balance, wholesale inventories, a BOE Bailey speech, the Bank of Canada policy decision, and the FOMC decision late in the day. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
USDCAD: Channel Up negated. Bearish reversal started.USDCAD is marginally bullish on its 1D technical outlook (RSI = 56.879, MACD = 0.003, ADX = 32.215) as it is still being supported by the 1D MA50, but since January 20th, it crossed under the 4 month Channel Up and today it retested it from below and is so far failing. This is an early signal that the medium term trend has shifted to bearish. We are short, targeting the 1D MA200 near the S2 level (TP = 1.39650). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USD/CAD +60 Pips 0 Drawdown , Did You Enter ? A Lot Of Entries VHere is our first +60 Pips 0 Drawdown , The prices respected the res very good and gace us +60 Pips 0 Drawdown , We can follow the price and see what will happen with the Support This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club
USDCAD - 4H TradingRangeDespite various market news over the past few days, USDCAD remains within its trading range, as previously discussed. The pair has yet to make a valid breakout, meaning range trading remains a viable strategy. 📉 Price has rejected the top of the range after recent news, aligning with expectations. 📌 Opportunities arise at key support & resistance zones within this range. We continue to monitor for potential breakouts or further confirmations. Follow for updates!
by Sober_Trading
BoC Rate Decision. Is the path for USDCAD is further up?With the upcoming BoC and Fed rate decisions, we are wondering, what may happen with FX_IDC:USDCAD pair? CAD has been on a sharp decline and continues to devaluate further. Let's dig in and see what might be the near-term outcome. MARKETSCOM:USDCAD RISK DISCLAIMER 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
USD/CAD Buyers Cautious Ahead of BoC and FOMC MeetingsMarket Overview The Federal Reserve is widely expected to keep interest rates unchanged. Meanwhile, the Bank of Canada is projected to reduce its benchmark interest rate by 25 basis points, bringing it down to 3.00%. The pace of easing from the BoC remains a focal point, as a more aggressive rate-cut cycle in Canada could further widen the interest rate differential in favor of the USD. Technical Analysis USD/CAD remains within a broad consolidation range on the 4-hour chart, yet the breakout of a symmetrical triangle pattern to the upside suggests a bullish bias in the near term. The pair is currently testing resistance at 1.44152, a level that could serve as a key pivot for further gains. If buyers manage to push beyond this level, the next upside targets lie at 1.44279, 1.44440, and 1.44618, aligning with key Fibonacci extension zones. However, a lack of sustained buying pressure at these levels may result in profit-taking, leading to short-term retracements. Conversely, a rejection at current resistance could encourage sellers to regain control. A drop below 1.43974 would indicate weakening bullish momentum, opening the door for deeper corrections towards 1.43686. A decisive break below this level would invalidate the bullish breakout and shift the focus back towards the broader consolidation range. Read the full article on our website: erranteacademy.com
Long
by Errante