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 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: 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 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
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related currencies
Frequently Asked Questions
The current rate of USDCAD is 1.39884 CAD — it has increased by 0.52% in the past 24 hours. See more of USDCAD rate dynamics on the detailed chart.
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.
The term volatility describes the risk related to the changes in an asset's value. USDCAD has the volatility rating of 0.26%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDCAD showed a 1.61% rise over the past week, the month change is a 0.22% rise, and over the last year it has increased by 2.39%. Track live rate changes on the USDCAD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
USDCAD is a major currency pair, i.e. a popular currency paired with USD.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade USDCAD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with USDCAD technical analysis. The technical rating for the pair is neutral today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the USDCAD shows the neutral signal, and 1 month rating is buy. See more of USDCAD technicals for a more comprehensive analysis.