USD/CAD 15-Minute Time Frame (15TF) Technical & Fundamental Analysis
Last week, we highlighted potential bullish momentum building in USD/CAD. That narrative continues to develop, supported by the latest economic data.
The U.S. Core PCE Price Index came in at 0.2%, slightly higher than the previous 0.1%, indicating persistent inflationary pressure that could keep the USD supported. On the other hand, Canada’s GDP contracted by -0.1%, a significant drop from the previous 0.2% growth, weighing on the CAD.
Technical Outlook:
Following the price rejection near 1.37500, USD/CAD entered an accumulation phase around 1.3680–1.3690, signaling smart money building long positions.
After accumulating buy orders and sweeping liquidity below the key level at 1.36750, price has broken above a minor resistance zone, indicating bullish intent. A visible manipulation pattern within a liquidity pocket further supports this move.
We now anticipate a continuation higher from a key re-entry zone around recent breakout structure.
📊 Trade Setup
📍 Area of Interest (AOI): 1.36770 (Buy Limit Order)
🛡 Stop-Loss: 1.36570 (Below liquidity zone)
🎯 Take Profit: 1.37280 (Next key resistance / ~1:2.5 RR)
This trade aligns with institutional behavior — accumulation, liquidity grab, and break of structure — suggesting a bullish continuation as long as price respects the recent breakout zone.
📌 Disclaimer:
This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
Last week, we highlighted potential bullish momentum building in USD/CAD. That narrative continues to develop, supported by the latest economic data.
The U.S. Core PCE Price Index came in at 0.2%, slightly higher than the previous 0.1%, indicating persistent inflationary pressure that could keep the USD supported. On the other hand, Canada’s GDP contracted by -0.1%, a significant drop from the previous 0.2% growth, weighing on the CAD.
Technical Outlook:
Following the price rejection near 1.37500, USD/CAD entered an accumulation phase around 1.3680–1.3690, signaling smart money building long positions.
After accumulating buy orders and sweeping liquidity below the key level at 1.36750, price has broken above a minor resistance zone, indicating bullish intent. A visible manipulation pattern within a liquidity pocket further supports this move.
We now anticipate a continuation higher from a key re-entry zone around recent breakout structure.
📊 Trade Setup
📍 Area of Interest (AOI): 1.36770 (Buy Limit Order)
🛡 Stop-Loss: 1.36570 (Below liquidity zone)
🎯 Take Profit: 1.37280 (Next key resistance / ~1:2.5 RR)
This trade aligns with institutional behavior — accumulation, liquidity grab, and break of structure — suggesting a bullish continuation as long as price respects the recent breakout zone.
📌 Disclaimer:
This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.