USD/CAD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/CAD remains bullish above $1.44097, with resistance at $1.44735 and $1.45426.
- Support at $1.43537 is critical; a break below could push the pair toward $1.43003 and $1.42409.
- Traders favor buying above $1.44097, with a target at $1.44739 and a stop loss at $1.43773.
The USD/CAD pair is trading at $1.44456, edging up 0.03% as buyers maintain control above the $1.44097 pivot point. The pair remains in an uptrend, bolstered by a weaker Canadian dollar and sustained strength in the U.S. dollar.
The 50-day EMA at $1.43654 is providing strong dynamic support, reinforcing bullish momentum. If USD/CAD continues higher, immediate resistance is seen at $1.44735, followed by $1.45426 and $1.45986, signaling further upside potential.
On the downside, support at $1.43537 remains critical—losing this level could push the pair toward $1.43003, with further declines targeting $1.42409. However, as long as USD/CAD holds above the $1.44097 pivot point, the short-term trend favors buyers.
From a trading perspective, a buy entry above $1.44097 is favored, targeting $1.44739, with a stop loss at $1.43773. Key drivers include Fed rate expectations, oil price fluctuations, and overall risk sentiment in global markets.
USD/CAD - Trade Ideas
Entry Price – Buy Above 1.44097
Take Profit – 1.44739
Stop Loss – 1.43773
Risk to Reward – 1: 1.9
Profit & Loss Per Standard Lot = +$642/ -$324
Profit & Loss Per Mini Lot = +$64/ -$32
USD/CAD Price Analysis – March 11, 2025
Daily Price Outlook
During the European trading session, the USD/CAD is struggling to stop its declines and remain under pressure around 1.4407.
The pair faces downside pressure as the US Dollar (USD) weakens amid growing concerns that uncertainty over tariff policies could push the US economy into recession.
Investors are now looking ahead to February’s Consumer Price Index (CPI) release on Wednesday, which could provide further insights into inflation trends and the Federal Reserve’s (Fed) potential policy direction.
US Economic Uncertainty Weighs on the US Dollar
The global market sentiment turned cautious after former President Donald Trump said the economy is in a "transition period," hinting at a possible slowdown. Investors saw this as a warning of economic trouble.
The US Dollar Index (DXY) is weak, staying around 103.80. Meanwhile, US job data for February was weaker than expected, increasing hopes that the Federal Reserve will cut interest rates multiple times this year.
According to LSEG data, traders now anticipate a total of 75 basis points (bps) in rate cuts, with a June rate cut fully priced in. On the data front, the US Bureau of Labor Statistics (BLS) reported on Friday that Nonfarm Payrolls (NFP) increased by only 151,000 in February, missing the forecast of 160,000.
Meanwhile, January’s job growth was revised downward to 125,000 from 143,000. This weak labor market data adds to recession fears and puts further pressure on the US Dollar.
Impact of Tariff Policies and Trade Tensions
On the other hand, the US Commerce Secretary Howard Lutnick said the 25% tariffs on steel and aluminum will start on Wednesday as planned.
US steelmakers have urged Trump to maintain these tariffs, but businesses reliant on these materials may face increased costs, further impacting economic stability.
Meanwhile, Trump also commented on trade relations with Ukraine, mentioning that his administration is considering lifting an intelligence pause and reviewing tariff measures against Russia. These geopolitical uncertainties contribute to market caution, further weakening USD sentiment.
Bank of Canada’s Rate Decision and USD/CAD Outlook
On the Canadian front, the Bank of Canada (BoC) is widely expected to cut interest rates by 25 basis points at its upcoming March meeting on Wednesday.
Analysts at CIBC predict that the BoC will lower its benchmark rate to 2.75%, with further cuts likely if trade uncertainty persists.
Hence, the rate cut by the BoC could limit USD/CAD’s downside, but broader US economic concerns are likely to keep the pair under pressure.
Looking ahead, traders will closely watch the US CPI data release on Wednesday, as it could shape expectations for the Fed’s future monetary policy decisions.
If inflation remains subdued, it could reinforce expectations for multiple rate cuts, adding further pressure on the USD and influencing USD/CAD’s movement.
USD/CAD – Technical Analysis
The USD/CAD pair is trading at $1.44456, edging up 0.03% as buyers maintain control above the $1.44097 pivot point. The pair remains in an uptrend, bolstered by a weaker Canadian dollar and sustained strength in the U.S. dollar.
The 50-day EMA at $1.43654 is providing strong dynamic support, reinforcing bullish momentum. If USD/CAD continues higher, immediate resistance is seen at $1.44735, followed by $1.45426 and $1.45986, signaling further upside potential.
On the downside, support at $1.43537 remains critical—losing this level could push the pair toward $1.43003, with further declines targeting $1.42409. However, as long as USD/CAD holds above the $1.44097 pivot point, the short-term trend favors buyers.
From a trading perspective, a buy entry above $1.44097 is favored, targeting $1.44739, with a stop loss at $1.43773. Key drivers include Fed rate expectations, oil price fluctuations, and overall risk sentiment in global markets.
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USD/CAD Price Analysis – March 04, 2025
Daily Price Outlook
During the European trading session, the USD/CAD pair struggled to extend its rally toward the 1.4500 mark, encountering strong selling pressure that pushed it down to 1.4428.
The pair touched an intra-day low of 1.4410 as the US Dollar lost momentum, despite the Canadian Dollar (CAD) sinking to a one-month low.
However, the Loonie came under additional pressure after US President Donald Trump confirmed that new tariffs—25% on Canadian goods and 10% on energy exports—would take effect starting Tuesday.
Therefore, the announcement fueled further weakness in the CAD, limiting USD/CAD’s upside potential and adding to market volatility.
Trump’s Tariffs and Lower Crude Prices Pressure the Canadian Dollar
On the US front, President Donald Trump reaffirmed plans to impose tariffs on Canada and Mexico, which were originally set for April but moved up to March. The new trade restrictions have sparked fears of a trade war, raising concerns about their impact on the global economy.
Consequently, the Canadian Prime Minister’s office confirmed that Canada will impose retaliatory tariffs on US imports starting Tuesday.
Canada plans to begin with 25% tariffs on US imports worth C$30 billion and is actively considering additional non-tariff measures in collaboration with provinces and territories.
This escalating trade conflict introduces further uncertainty, which could impact both the Canadian Dollar and broader market sentiment in the coming sessions.
Meanwhile, lower crude oil prices have put additional pressure on the Canadian Dollar (CAD), as Canada is the largest oil exporter to the US. Reports that OPEC+ will increase oil production in April have further dragged oil prices down, reducing demand for the commodity-linked CAD.
Consequently, the tariffs and falling oil prices weakened the Canadian Dollar, pushing USD/CAD higher. However, trade war fears and market volatility limited the pair’s gains, preventing a sustained breakout above key resistance levels.
Weak US Data Fuels Fed Rate Cut Speculation, Weighing on USD
On the other hand, the US Dollar has been losing traction due to weaker economic data. The ISM reported that US Manufacturing PMI fell to 50.3 in February, below expectations of 50.5 and down from January’s 50.9.
This raised speculation that the Federal Reserve might cut rates in June, with the probability rising to 87% from 69% last week, according to the CME FedWatch tool. The dovish outlook pressured the US Dollar, limiting further gains for USD/CAD despite the Canadian Dollar's weakness.
USD/CAD – Technical Analysis
The U.S. dollar is holding firm against the Canadian dollar, trading at $1.44815, maintaining an upward bias but still below its pivot point of $1.45201.
The pair remains supported by the 50-day EMA at $1.44122, which has provided a near-term floor for buyers.
However, a failure to reclaim the pivot point could shift momentum lower, exposing USD/CAD to downside risks toward immediate support at $1.43964, followed by deeper levels at $1.43190 and $1.42453.
If bullish momentum persists, USD/CAD will need a decisive break above $1.45201 to test the first resistance at $1.45947. A stronger rally could extend gains toward $1.46429, with a more significant upside move targeting $1.47012.
However, recent price action suggests cautious trading, with selling pressure likely to emerge near resistance levels.
Traders may consider short positions below $1.45190, with a take-profit target at $1.44178 and a stop-loss at $1.45861 to manage risk. The U.S. dollar’s strength, largely driven by Federal Reserve rate expectations, remains a key factor in determining USD/CAD’s trajectory.
Meanwhile, oil price movements could influence the Canadian dollar, as stronger crude prices typically provide support for CAD, while weakness in energy markets could exacerbate downside risks for the loonie.
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USD/CAD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/CAD remains capped below $1.45201; a break lower could trigger selling toward $1.43964.
- The 50-day EMA at $1.44122 is acting as support—holding above it keeps bullish momentum intact.
- Short positions below $1.45190 are favorable, with a take-profit at $1.44178 and a stop-loss at $1.45861.
The U.S. dollar is holding firm against the Canadian dollar, trading at $1.44815, maintaining an upward bias but still below its pivot point of $1.45201.
The pair remains supported by the 50-day EMA at $1.44122, which has provided a near-term floor for buyers.
However, a failure to reclaim the pivot point could shift momentum lower, exposing USD/CAD to downside risks toward immediate support at $1.43964, followed by deeper levels at $1.43190 and $1.42453.
If bullish momentum persists, USD/CAD will need a decisive break above $1.45201 to test the first resistance at $1.45947. A stronger rally could extend gains toward $1.46429, with a more significant upside move targeting $1.47012.
However, recent price action suggests cautious trading, with selling pressure likely to emerge near resistance levels.
Traders may consider short positions below $1.45190, with a take-profit target at $1.44178 and a stop-loss at $1.45861 to manage risk. The U.S. dollar’s strength, largely driven by Federal Reserve rate expectations, remains a key factor in determining USD/CAD’s trajectory.
Meanwhile, oil price movements could influence the Canadian dollar, as stronger crude prices typically provide support for CAD, while weakness in energy markets could exacerbate downside risks for the loonie.
USD/CAD - Trade Ideas
Entry Price – Sell Below 1.45190
Take Profit – 1.44178
Stop Loss – 1.45861
Risk to Reward – 1: 1.5
Profit & Loss Per Standard Lot = +$1012/ -$671
Profit & Loss Per Mini Lot = +$101/ -$67
USD/CAD Price Analysis – Feb 25, 2025
Daily Price Outlook
During the European trading session, the USD/CAD pair struggles to maintain its recent gains and drifts lower after reaching the 1.4275-1.4280 region, marking a one-and-a-half-week high.
It is currently trading around the 1.4240 level, down nearly 0.15% for the day, amid renewed selling pressure on the US Dollar (USD).
The Greenback remains under pressure following weak US economic data, which has reinforced expectations of further interest rate cuts by the Federal Reserve (Fed) this year.
Weaker US Economic Data Weighs on the USD
On the US front, the broad-based US dollar is struggling to recover despite an overnight rebound from its lowest level since December 10.
Recent data showed that US business activity contracted, with flash PMIs released last Friday indicating a decline to a 17-month low in February. This has fueled speculation that the Fed will adopt a more dovish stance, further pressuring the USD.
On the other hand, the Canadian Dollar (CAD) finds support from a recovery in Crude Oil prices, which had hit a fresh year-to-date low on Monday.
The commodity-linked CAD benefits from higher oil prices, as Canada is a major oil exporter. The recent bounce in oil prices has helped the Loonie gain strength, putting downward pressure on the USD/CAD pair.
Adding to the CAD’s strength, Canadian consumer inflation has shown a slight acceleration, reducing expectations of a rate cut by the Bank of Canada (BoC) at its upcoming policy meeting on March 12. This shift in market sentiment has further bolstered the Canadian currency.
Although, the CAD faces risks due to possible economic problems from Trump’s trade tariffs. On Monday, Trump confirmed that tariffs on Canadian and Mexican imports will start on March 4, as planned, despite efforts to delay them. If these tariffs happen, they could hurt Canada’s economy and slow down the CAD’s growth.
Market Focus on US Economic Data and FOMC Speeches
Moving ahead, Traders now turn their attention to the upcoming US economic reports, including the Conference Board’s Consumer Confidence Index and the Richmond Manufacturing Index.
In the meantime, the speeches from key Federal Open Market Committee (FOMC) members could provide further insights into the Fed’s monetary policy direction. Any dovish remarks may extend USD weakness, while a more hawkish stance could help the Greenback recover some ground.
USD/CAD – Technical Analysis
USD/CAD is trading at $1.42491, showing no significant change for the session as traders remain cautious ahead of key economic data.
The pair is currently hovering below the pivotal level of $1.42817, which serves as a critical threshold for short-term market sentiment.
A sustained move below this pivot keeps the bearish outlook intact, with immediate support at $1.42084. If bearish momentum strengthens, the next support is at $1.41515, followed by a deeper safety net at $1.40999.
On the upside, immediate resistance is seen at $1.43425. A break above this level could trigger a rally towards $1.43805, with the next target at $1.44416 if bullish momentum accelerates.
The 50 EMA is positioned at $1.42076, acting as dynamic support. The pair’s ability to stay above this moving average indicates underlying bullish pressure despite short-term hesitation.
The technical outlook suggests a cautious sell below the pivot point of $1.42820, with an entry at this level targeting $1.42085 and a stop loss at $1.43354.
This setup offers a favorable risk-reward ratio, aligning with the current bearish bias. However, traders should look for volume confirmation to validate the downward momentum before committing to short positions.
Conversely, a break above $1.42817 would flip the sentiment to bullish, potentially driving prices towards $1.43425 and beyond.
Given the market's sensitivity to economic indicators and geopolitical tensions, volatility is likely to persist. Traders should remain vigilant for any macroeconomic surprises that could impact USD/CAD’s trajectory.
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USD/CAD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bearish Below $1.42817: Holding below the pivot targets $1.42084 and $1.41515, signaling further downside potential.
- Bullish Above $1.42817: A breakout above $1.43425 could push prices towards $1.43805 and $1.44416.
- Technical Setup: 50 EMA at $1.42076 acts as dynamic support. Watch for volume confirmation to gauge the next directional move.
USD/CAD is trading at $1.42491, showing no significant change for the session as traders remain cautious ahead of key economic data.
The pair is currently hovering below the pivotal level of $1.42817, which serves as a critical threshold for short-term market sentiment.
A sustained move below this pivot keeps the bearish outlook intact, with immediate support at $1.42084. If bearish momentum strengthens, the next support is at $1.41515, followed by a deeper safety net at $1.40999.
On the upside, immediate resistance is seen at $1.43425. A break above this level could trigger a rally towards $1.43805, with the next target at $1.44416 if bullish momentum accelerates.
The 50 EMA is positioned at $1.42076, acting as dynamic support. The pair’s ability to stay above this moving average indicates underlying bullish pressure despite short-term hesitation.
The technical outlook suggests a cautious sell below the pivot point of $1.42820, with an entry at this level targeting $1.42085 and a stop loss at $1.43354.
This setup offers a favorable risk-reward ratio, aligning with the current bearish bias. However, traders should look for volume confirmation to validate the downward momentum before committing to short positions.
Conversely, a break above $1.42817 would flip the sentiment to bullish, potentially driving prices towards $1.43425 and beyond.
Given the market's sensitivity to economic indicators and geopolitical tensions, volatility is likely to persist. Traders should remain vigilant for any macroeconomic surprises that could impact USD/CAD’s trajectory.
USD/CAD - Trade Ideas
Entry Price – Sell Below 1.42820
Take Profit – 1.42085
Stop Loss – 1.43354
Risk to Reward – 1: 1.3
Profit & Loss Per Standard Lot = +$735/ -$493
Profit & Loss Per Mini Lot = +$73/ -$53
USD/CAD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/CAD trades near its pivot at $1.41803, signaling indecision in the market.
- Immediate resistance at $1.42450; a breakout could push prices toward $1.43035 and $1.43614.
- A drop below $1.41257 may accelerate losses toward $1.40774 and $1.40203.
The USD/CAD pair is trading at $1.42072, edging lower by 0.01% as traders assess key technical levels. The pair is hovering near its pivot point at $1.41803, suggesting a neutral to slightly bullish bias in the near term.
The 50-day EMA at $1.42724 is acting as overhead resistance, capping upside potential, while immediate support at $1.41257 remains intact.
On the upside, a break above $1.42450 could signal further gains, targeting resistance at $1.43035 and potentially extending toward $1.43614 if bullish momentum persists.
Conversely, a drop below $1.41257 may expose USD/CAD to further downside risks, with the next key supports at $1.40774 and $1.40203.
From a technical standpoint, the market remains in a consolidation phase, oscillating between well-defined support and resistance levels.
A decisive breakout above $1.42450 could confirm bullish momentum, while failure to hold above $1.41803 may tilt the bias in favor of sellers.
The 50-day EMA at $1.42724 serves as a key barrier, with a sustained break above it needed for a more definitive bullish confirmation.
Given the current setup, traders should watch for a breakout confirmation above resistance or a move below support to establish the next directional trend.
With USD/CAD trading near its pivot level, price action in the coming sessions will likely dictate market sentiment.
USD/CAD - Trade Ideas
Entry Price – Buy Above 1.41807
Take Profit – 1.42663
Stop Loss – 1.41251
Risk to Reward – 1: 1.5
Profit & Loss Per Standard Lot = +$856/ -$556
Profit & Loss Per Mini Lot = +$85/ -$55
USD/CAD Price Analysis – Feb 18, 2025
Daily Price Outlook
During the European trading session, the USD/CAD currency pair remained flat near the 1.4179 level despite mild strength in the US dollar. However, the US Dollar Index (DXY) traded sideways, as the US markets saw inactivity due to Washington's Day holiday.
Traders are awaiting crucial data later in the week, particularly the Canadian Consumer Price Index (CPI) inflation figures due for release on Tuesday, which could influence the Canadian Dollar (CAD) outlook.
US Dollar Supported by Tariff Threats but Limited by Holiday Volatility
On the US front, the strength of the US dollar continued to make an impact, as President Donald Trump reiterated his threat of tariffs, with taxes on autos expected to take effect by April 2. This announcement followed a series of trade measures initiated by the president during his second term.
While such threats typically strengthen the US Dollar, the lack of market activity due to the Washington's Day holiday capped the upside momentum. Investors are closely monitoring potential tariff developments, as an escalation in trade tensions could further bolster the USD against the Canadian Dollar.
Canadian CPI Data in Focus, Loonie Could Face Pressure
In Canada, all eyes are on the upcoming CPI data for January, expected to show a year-over-year increase of 1.8%. On a monthly basis, CPI is forecast to rise by 0.1%, following a decline of 0.4% in December. If inflation comes in softer than expected, the Canadian dollar could face pressure, potentially supporting a rise in the USD/CAD pair.
However, the positive impact of rising crude oil prices on the CAD cannot be overlooked. As the largest oil exporter to the US, Canada stands to benefit from higher oil prices, which could limit losses for the loonie.
Despite the renewed strength in the US dollar, the USD/CAD pair remains relatively stagnant as traders balance the economic data from both countries and monitor developments on the global trade front. With CPI data and oil prices in focus, the pair’s next move could depend heavily on the outcome of these factors.
USD/CAD – Technical Analysis
The USD/CAD pair is trading at $1.42072, edging lower by 0.01% as traders assess key technical levels. The pair is hovering near its pivot point at $1.41803, suggesting a neutral to slightly bullish bias in the near term.
The 50-day EMA at $1.42724 is acting as overhead resistance, capping upside potential, while immediate support at $1.41257 remains intact.
On the upside, a break above $1.42450 could signal further gains, targeting resistance at $1.43035 and potentially extending toward $1.43614 if bullish momentum persists.
Conversely, a drop below $1.41257 may expose USD/CAD to further downside risks, with the next key supports at $1.40774 and $1.40203.
From a technical standpoint, the market remains in a consolidation phase, oscillating between well-defined support and resistance levels.
A decisive breakout above $1.42450 could confirm bullish momentum, while failure to hold above $1.41803 may tilt the bias in favor of sellers.
The 50-day EMA at $1.42724 serves as a key barrier, with a sustained break above it needed for a more definitive bullish confirmation.
Given the current setup, traders should watch for a breakout confirmation above resistance or a move below support to establish the next directional trend.
With USD/CAD trading near its pivot level, price action in the coming sessions will likely dictate market sentiment.
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USD/CAD Price Analysis – Feb 11, 2025
Daily Price Outlook
During the European trading session on Tuesday, the USD/CAD currency pair continued to rise and reaching around 1.4340. The increase came after US President Donald Trump announced a sharp hike in tariffs on steel and aluminum imports to a flat 25% on Monday.
This move is meant to protect struggling US industries but has also raised concerns about a possible trade war, adding pressure to global markets.
Meanwhile, the US Dollar Index (DXY), which tracks the value of the US dollar against major currencies, extended its gains for the fourth consecutive session, reaching around 108.50. The stronger dollar is putting pressure on the Canadian dollar, making USD/CAD move higher.
Moreover, the US Federal Reserve (Fed) is now expected to keep interest rates steady throughout the year. This expectation follows the latest jobs report released on Friday, which showed slowing job growth but a lower unemployment rate.
Thus, the stable Fed policy is providing further support to the US dollar, keeping USD/CAD in an uptrend. Traders will watch for further developments in trade policies and economic data for the next move in the pair.
Canada Faces Pressure as US Imposes Higher Tariffs on Steel and Aluminum
On the CAD front, the currency weakened due to rising trade tensions after US President Donald Trump increased tariffs on steel and aluminum imports to a flat 25% on Monday. This decision removes all exemptions, including special deals and exclusions for certain products.
The new tariffs will take effect on March 12, and further restrictions on microchips and vehicles may follow. The move is meant to protect US industries but has raised concerns about a potential trade war, putting pressure on the Canadian Dollar.
Canada is the biggest supplier of aluminum to the US, providing nearly 80% of its imports in 2024. In 2023, steel imports made up about 23% of US steel consumption, with Canada, Brazil, and Mexico being the top suppliers.
The increased tariffs could negatively impact Canada’s exports, reducing demand for the CAD and pushing the USD/CAD pair higher. Traders are watching closely to see how Canada responds.
Canada’s Industry Minister, Francois-Philippe Champagne, criticized the tariffs as “totally unjustified.” He highlighted that Canadian steel and aluminum are essential for key US industries like defense, shipbuilding, energy, and automotive manufacturing.
He also stated that Canada is consulting with international partners and will respond in a “clear and calibrated” manner. (edited)
USD/CAD – Technical Analysis
USD/CAD is currently trading at $1.43342, marking a slight 0.01% gain, as the pair navigates a critical price zone. The currency pair remains under bullish pressure, reflecting strength in the U.S. dollar against the Canadian dollar, amid fluctuating commodity prices and macroeconomic data.
From a technical standpoint, USD/CAD is positioned above its pivot point at $1.42750, indicating the potential for further upside. If buyers maintain control, the pair could test immediate resistance at $1.43803. A breakout above this level could open the door toward $1.44394, with an extended rally targeting $1.45029, a level that has previously acted as a significant supply zone.
Conversely, key support levels are situated at $1.42193, followed by $1.41602. A drop below these levels could shift momentum in favor of sellers, with a potential move toward $1.40984, where buyers are likely to step in.
Moving averages suggest a mixed outlook. The 50-day EMA at $1.43988 remains above the current price, indicating short-term resistance. A sustained break above this level would reinforce bullish sentiment, while rejection at this zone could trigger a pullback.
Traders should monitor USD/CAD’s reaction near $1.43803. A strong close above this level could confirm further upside, while a failure to breach resistance may lead to consolidation or retracement toward lower support.
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USD/CAD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/CAD remains bullish above $1.42750, eyeing resistance at $1.43803 and $1.44394.
- Break above the 50-day EMA at $1.43988 could confirm further upside potential.
- Support at $1.42193 remains key—failure to hold could trigger a deeper pullback.
USD/CAD is currently trading at $1.43342, marking a slight 0.01% gain, as the pair navigates a critical price zone. The currency pair remains under bullish pressure, reflecting strength in the U.S. dollar against the Canadian dollar, amid fluctuating commodity prices and macroeconomic data.
From a technical standpoint, USD/CAD is positioned above its pivot point at $1.42750, indicating the potential for further upside. If buyers maintain control, the pair could test immediate resistance at $1.43803. A breakout above this level could open the door toward $1.44394, with an extended rally targeting $1.45029, a level that has previously acted as a significant supply zone.
Conversely, key support levels are situated at $1.42193, followed by $1.41602. A drop below these levels could shift momentum in favor of sellers, with a potential move toward $1.40984, where buyers are likely to step in.
Moving averages suggest a mixed outlook. The 50-day EMA at $1.43988 remains above the current price, indicating short-term resistance. A sustained break above this level would reinforce bullish sentiment, while rejection at this zone could trigger a pullback.
Traders should monitor USD/CAD’s reaction near $1.43803. A strong close above this level could confirm further upside, while a failure to breach resistance may lead to consolidation or retracement toward lower support.
USD/CAD - Trade Ideas
Entry Price – Buy Above 1.42743
Take Profit – 1.43802
Stop Loss – 1.42176
Risk to Reward – 1:1.8
Profit & Loss Per Standard Lot = +$1059/ -$567
Profit & Loss Per Mini Lot = +$105/ -$56