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USDCAD trade ideas

USD/CAD Holds Near 2025 LowUSD/CAD Holds Near 2025 Low As the chart shows, the USD/CAD exchange rate hit its lowest level of 2025 on 2nd June, nearing the 1.3680 mark. Although there was a partial recovery on 3rd June, it was not substantial. These fluctuations reflect market participants’ cautious sentiment ahead of key announcements scheduled for today, 4th June: → At 15:15 (GMT+3), the ADP Employment Change figures will be released, offering insight into the US employment situation. Traders are concerned as the previous reading was only +61K — a sharp contrast to the consistent triple-digit increases seen throughout 2024. → At 16:45 (GMT+3), the Bank of Canada will announce its interest rate decision. According to ForexFactory, analysts expect the overnight rate to remain unchanged at 2.75%, though surprises cannot be ruled out. Technical Analysis of USD/CAD Since the second half of April, the price has been moving within a downward channel (marked in red), largely influenced by tariff-related developments in US-Canada trade relations. Bulls are attempting to prevent further decline, taking advantage of the support provided by the channel’s lower boundary. Note the sharp rebound following a failed bearish breakout (marked with an arrow), which suggests strong demand around the 1.3700 level. On the other hand, bears have gained control over the 1.3800 level, based on the following: → The exchange rate found local support at this level on 29th May, but it was breached on 30th May. → The drop from 30th May was notably aggressive, indicating strong selling pressure. Given the above, it is reasonable to assume that if, following today’s news, the USD/CAD rate remains within the 1.3700–1.3800 range, it may signal that supply and demand have reached a stable balance. This could suggest that the pair is ready to stabilise after the intense volatility seen in the first half of April. 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
USDCAD Will Explode! BUY! My dear followers, This is my opinion on the USDCAD next move: The asset is approaching an important pivot point 1.3654 Bias - Bullish Safe Stop Loss - 1.3603 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.3751 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
USDCAD BUY SIGNAL Entry Point: 1.36800USDCAD BUY SIGNAL Entry Point: 1.36800 🎯 Target 1: 1.37500 🎯 Target 2: 1.38000 🎯 Final Target: 1.38300 ⚠️ Risk Management is CRUCIAL – Use a proper stop-loss every time – Don’t overexpose your account – Risk only what fits your strategy 📊 Trade Setup Insight: – Price rebounding from support – Bullish structure forming – Momentum favoring upside push ✅ Book profits at each level ✅ Adjust SL to breakeven after T1 ✅ Patience > Emotion in trading 📌 Consistency brings results 📌 Follow your system – not the crowd 📌 Capital protection = long-term success 📢 Educational purposes only – trade smart, trade safe!
Long
by GoldTradersEdge
Could the Loonie reverse from here?The price is rising towards the pivot, which has been identified as a pullback resistance and could reverse to the 127.2% Fibonacci support. Pivot: 1.3767 1st Support: 1.3634 1st Resistance: 1.3856 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
UCAD Bears Ready to Break 2 Month Long Falling Support??OANDA:USDCAD has been supported by a Falling Support Trend line since August 14th and here soon Price could potentially give us a Bearish Break to that Trend line! Once a Breakout is validated, we could look for a Retest Set-Up for some Short Opportunities to take Price down to the Support Zone created by the August and September 2024 Lows. An interesting fact to point out is if you observe the reaction of Price when it tests the Falling Support, we can see Price arc and the following reactions arc smaller, suggesting Bulls are losing strength on the push off of the Falling Support! Price Action is being heavily driven by Fundamentals in the markets this week: -USD- ADP Non-Farm Employment - Previous 60K / Forecast 111K / Actual 37K ISM Services PMI - Previous 51.6 / Forecast 52 / Actual 49.9 ISM Manufacturing PMI - Previous 48.7 / Forecast 49.3 / Actual 48.5 ISM Manufacturing Prices - Previous 69.8 / Forecast 70.2 / Actual 48.5 Unemployment Claims - Previous 239K / Forecast 236K / Actual 247K *Average Hourly Earnings, Non-Farm Employment and Unemployment Rate are to be released tomorrow -CAD- BOC held Interest Rates @ 2.75% Ivey PMI - Previous 47.9 / Forecast 48.3 / Actual 48.9 *Employment Change and Unemployment are to be released tomorrow With BOC holding Interest Rates and the Federal Reserve possibly looking to cut rates because of a "softening labor market", this could fuel CAD to overcome the pair and put Bears in control to pull Prices lower! www.tradingview.com
Short
by Novi_Fibonacci
USD/CAD under pressure as RBC warns of dollar overvaluationRBC Global Asset Management has warned that the U.S. dollar appears significantly overvalued. The firm points to the ballooning U.S. budget deficit—now forecast to surpass $1.9 trillion this year—as a key factor behind its bearish outlook. RBC's position might be reflected in the FX market with the USD/CAD under pressure. The pair has been forming lower highs and lower lows since late May, suggesting a potential continuation of the short-term downtrend. Key support levels to watch might include 1.3640, 1.3600, and potentially 1.3560 if selling accelerates. On the upside, a recovery might need to break above 1.3720, with further resistance possibly around 1.3760 and 1.3820.
by BlackBull_Markets
2
USDCAD Hello traders, Since I didn't find any valid opportunities on my primary pairs today, I looked into some alternative setups — and USDCAD caught my eye 🙂 I spotted a potential sell opportunity, and I’ve already entered the trade. Below are the details of my entry and target levels: 🔍 Trade Details: ✔️ Timeframe: 15-Minute ✔️ Risk-to-Reward Ratio: 1:1.50 / 1:2 ✔️ Trade Direction: Sell ✔️ Entry Price: 1.37248 ✔️ Take Profit: 1.37054 ✔️ Stop Loss: 1.37345 🔔 Disclaimer: This is not financial advice. I’m simply sharing a trade I’ve taken based on my personal trading system, strictly for educational and illustrative purposes. 📌 Interested in a systematic, data-driven trading approach? 💡 Follow the page and turn on notifications to stay updated on future trade setups and advanced market insights.
Short
by Nurlan_PT
2
USDCAD 04/06 – BoC Rate Decision Ahead USDCAD 04/06 – BoC Rate Decision Ahead | Will the Market Break Higher or Reverse From 1.3820? The USDCAD pair is trading around the 1.3700 area as markets prepare for the upcoming Bank of Canada (BoC) interest rate decision. Price action shows potential for a breakout, but macro risks remain high. 🌍 MACRO OUTLOOK BoC Expected to Hold Rates Analysts widely expect the BoC to keep the interest rate unchanged at 2.75%, marking the third consecutive pause. Inflation has slipped below 2%, supporting the case for a dovish tone. Trade Policy in Focus With growing global uncertainties and Trump’s trade stance back in the spotlight, BoC Governor Tiff Macklem is expected to address policy risks, especially related to tariffs. Market Sentiment USD is mildly weaker after soft ISM data. CAD remains near YTD highs but sensitive to policy commentary. 📉 TECHNICAL OUTLOOK – H2 Chart Price is forming a potential double bottom near the 1.3693 zone – a key structure support. Resistance sits at 1.3725 – 1.3757. A confirmed breakout could lead to a test of 1.3824, the recent high. Failure to hold 1.3690 may expose deeper downside toward 1.3620–1.3600. 🔑 KEY LEVELS TO WATCH 🟢 BUY ZONE: 1.3693 – 1.3700 SL: 1.3670 TP: 1.3725 → 1.3757 → 1.3800 → 1.3824 🔴 SELL ZONE: 1.3824 – 1.3830 SL: 1.3850 TP: 1.3780 → 1.3750 → 1.3700 → 1.3650 🎯 TRADE STRATEGY If BoC holds rates with a dovish bias, USDCAD may rally sharply toward 1.3824 and potentially higher. If BoC surprises with hawkish comments, CAD strength may push the pair lower, targeting the 1.36 handle. Traders should be cautious around 1.3690 – this is the pivot zone for the week. 📌 CONCLUSION “The BoC’s decision may already be priced in – but the true volatility could come from Governor Macklem’s press conference. Any hint regarding Trump’s trade policies could trigger sharp moves. Stick to clean key levels and protect your capital.”
Short
by MMFlowTrading
Bearish reversal off overlap resistance?USD/CAD is rising towards the resistance level which is an overlap resistance that lines up with the 23.6% and the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3691 Why we like it: There is an overlap resistance that lines up with the 23.6% and the 50% Fibonacci retracement. Stop loss: 1.3738 Why we like it: There is a pullback resistance level that is slightly below the 50% Fibonacci retracement. Take profit: 1.3635 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
USDCAD I Daily CLS nested in W/M CLS Hey, Market Warriors, here is another outlook on this instrument If you’ve been following me, you already know every setup you see is built around a CLS range, a Key Level, Liquidity and a specific execution model. If you haven't followed me yet, start now. My trading system is completely mechanical — designed to remove emotions, opinions, and impulsive decisions. No messy diagonal lines. No random drawings. Just clarity, structure, and execution. 🧩 What is CLS? CLS is real smart money — the combined power of major investment banks and central banks moving over 6.5 trillion dollars a day. Understanding their operations is key to markets. ✅ Understanding the behaviour of CLS allows you to position yourself with the giants during the market manipulations — leading to buying lows and selling highs - cleaner entries, clearer exits, and consistent profits. 🛡️ Models 1 and 2: From my posts, you can learn two core execution models. They are the backbone of how I trade and how my students are trained. 📍 Model 1 is right after the manipulation of the CLS candle when CIOD occurs, and we are targeting 50% of the CLS range. H4 CLS ranges supported by HTF go straight to the opposing range. 📍 Model 2 occurs in the specific market sequence when CLS smart money needs to re-accumulate more positions, and we are looking to find a key level around 61.8 fib retracement and target the opposing side of the range. 👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
 ⚔️ Listen Carefully: Analysis is not trading. Right now, this platform is full of gurus" trying to sell you dreams based on analysis with arrows while they don't even have the skill to trade themselves. If you’re ever thinking about buying a Trading Course or Signals from anyone. Always demand a verified track record. It takes less than five minutes to connect 3rd third-party verification tool and link to the widget to his signature. "Adapt what is useful, reject what is useless, and add what is specifically your own." — David Perk aka Dave FX Hunter ⚔️
Long
by David_Perk
28
USD/CAD Setup _ Bearish Momentum BuildingThe USDCAD 45-minute chart shows a clear downtrend, with price breaking below a rising channel and retesting a previous support-turned-resistance zone. A bearish breakout has occurred, indicating strong selling momentum. The confluence of trendline resistance and horizontal zone rejection reinforces the bearish bias. Price action has failed to sustain above the marked resistance, suggesting further downside. The setup is based on a break-and-retest strategy, favouring short positions as long as price remains below the resistance zone. Entry: 1.37200 1st Target: 1.36480 2nd Target: 1.36190
Short
by Trend_logic
2
Bullish bounce?USD/CAD is reacting off the support level which is a pullback support and a bounce off this level could indicate a double bottom pattern which might lead to a potential price rise to our take profit. Entry: 1.3691 Why we like it: There is a pullback support level. Stop loss: 1.3634 Why we like it: There is a support level at the 127.22% Fibonacci extension. Take profit: 1.3818 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
TECHNICAL APPROACH - USDCAD SHORT FORECAST Q2 W23 D23 Y25🔥👀USDCAD SHORT FORECAST Q2 W23 D23 Y25 TECHNICAL HOTPICK ! 💥💥 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. 💡Here are some trade confluences📝 ✅4H order block rejection ✅HTF 50 EMA ✅Intraday bearish breaks of structure to be identified ✅15’ order block identified 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT