USDCAD Price Rebounding from Key Support as CAD WeakensUSDCAD is showing signs of a potential reversal from key support around the 1.3700–1.3685 zone. The pair had been declining steadily but recent weakness in the Canadian Dollar — driven by soft economic data and oil market uncertainty — is starting to shift momentum back in favor of the U.S. Dollar. As long as support holds, there is room for a bullish continuation toward 1.3860 or higher in the near term.
Technical Analysis (4H Chart)
Trend Structure: After a strong impulsive drop earlier in May, USDCAD formed a rounded bottom near 1.3685, followed by a corrective bounce. The recent retracement toward the support area is forming a potential higher low setup.
Support Zone:
Primary Support: 1.3700–1.3685
This is a clean structure zone and previous demand level. Price tested this area on May 24–25 and rebounded sharply.
Resistance Zone:
Short-Term Target: 1.3849–1.3860
This is the next major horizontal resistance, and aligns with previous price congestion before the latest decline.
Price Projection:
The chart suggests a bullish wave may develop from the support zone, targeting the 1.3860 level. If broken, a further move toward 1.3920 (May swing high) is possible.
Invalidation Level:
A daily close below 1.3680 would negate the bullish bias and signal a deeper correction or trend continuation lower.
Fundamental Analysis
U.S. Dollar (USD) Drivers:
Q1 GDP second estimate shows steady but modest growth.
Consumer Confidence fell recently, capping upside for the USD short term.
The Fed remains cautious, signaling that inflation risks persist — keeping interest rates elevated, which supports USD.
U.S. Treasury yields have been stable to slightly higher, also helping support the dollar.
Canadian Dollar (CAD) Drivers:
Canada's balance of payments posted a larger-than-expected deficit in Q1 — a negative for CAD.
Oil prices, which heavily influence CAD, have been under pressure from global demand uncertainty.
Domestic demand is softening: flat retail sales and weak trade balance data reduce CAD appeal.
Bank of Canada is showing signs of policy caution, especially as inflation slows faster than in the U.S.
Conclusion
Outlook: Short-term bullish
USDCAD is likely to bounce from the 1.3700–1.3685 zone and retest 1.3849–1.3860 if CAD weakness continues.
Trade Plan (if trading):
Buy Zone: 1.3700–1.3685
Target: 1.3860
Stop Loss: Below 1.3680 (structure break)
The pair is fundamentally supported by CAD weakness and technically primed for a rebound — but confirmation from price action near support is critical.
Usdcadbuy
Cautious Bulls Meet Trendline Test: USD/CAD Eyes FOMC CatalystCMCMARKETS:USDCAD OANDA:USDCAD USD/CAD extended its recovery for the third day, trading near 1.3833 on modest USD strength following upbeat U.S. data. However, fiscal worries and expectations of Fed rate cuts in 2025 may limit upside momentum. Traders are cautious ahead of the FOMC Minutes and U.S. PCE/GDP data, while firmer Canadian inflation and oil prices could support the CAD.
Technically, the pair remains within a broad downward channel and is now approaching key resistance at 1.3856, aligned with the descending trendline. A clear rejection here could spark a bearish continuation toward 1.3711 support. A breakout above 1.3937 would invalidate the bearish channel and suggest trend reversal.
Resistance : 1.3856 , 1.3937
Support : 1.3711 , 1.3809
USDCAD: Price Approaching Buying Zone, Will DXY Bounce Back? The USDCAD pair has dropped significantly in recent times, particularly as the DXY index has plummeted. The extremely bearish nature of the DXY suggests that the price of USDCAD is melting. Both fundamental and technical indicators indicate a potential bullish price reversal for this pair, which could potentially hit our first take-profit area. This is a swing analysis, so please give time for the trade to get activated and for it to work out in our favour.
Please note that this analysis does not guarantee that the price will move as suggested. Before trading, it’s essential to conduct your own research.
If you’d like to assist us, we encourage you to consider the following actions:
- Like our ideas
- Provide comments on our ideas
- Share our ideas
Kind regards,
Team Setupsfx_
Much love ❤️🚀
USDCAD Analysis⚠️ Market shift alert!
Due to the new trade agreements with China, the USD may strengthen 💪
Our previous short idea from this level was invalidated as price broke without a signal ❌
Now we’re waiting for a pullback to go long from the new support zone 📈
For detailed entry points, trade management, and high-probability setups, follow the channel:
ForexCSP
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 bounce toward the 1.37586 region, where a mean reversion setup may come into play (if buyers step in and price action confirms bullish intent near that support).
The third scenario anticipates a bounce toward the 1.34150 region, where a mean reversion setup may come into play (if buyers step in and price action confirms bullish intent near that support).
Discretionary Trading: Where Experience Becomes the Edge
Discretionary trading is all about making decisions based on what you see, what you feel, and what you've learned through experience. Unlike systematic strategies that rely on fixed rules or algorithms, discretionary traders use their judgment to read the market in real time. It's a skill that can't be rushed, because it's built on screen time, pattern recognition, and the ability to stay calm under pressure.
There's no shortcut here. You need to see enough market conditions, wins, and losses to build that intuition—the kind that tells you when to pull the trigger or sit on your hands. Charts might look the same, but context changes everything, and that's something only experience can teach you.
At the end of the day, discretionary trading is an art, refined over time, sharpened through mistakes, and driven by instinct. It's not for everyone, but for those who've put in the work, it can be a powerful way to trade.
#USDCAD: Two Major Buying Zones, Patience Pays! As previously analysed, USDCAD is expected to decline towards our predetermined entry point. We anticipate a bearish US Dollar for the remainder of the week, which will ultimately lead USDCAD to reach the entry zone. Three distinct target areas exist, collectively worth over 1100 pips. Each entry point, stop loss, and take profit is clearly defined.
We wish you the best of luck and safe trading.
Thank you for your support.
If you wish to assist us, we encourage you to consider the following actions:
- Like our ideas
- Provide comments on our ideas
- Share our ideas
Kind Regards,
Team Setupsfx_
Much Love ❤️🚀
USD/CAD: Time to Go Long?On the monthly chart, USD/CAD has found strong support, signaling a potential bullish continuation. With anticipated USD strength in the coming weeks, there’s a clear opportunity for the pair to move higher.
We are targeting 1.40180 as the first objective, with the potential to extend towards 1.41500 if momentum continues.
On the daily chart, the price is showing signs of weakness but also bullish intent, suggesting a possible retracement before a move higher. Ideally, a pullback into the 1.38490 – 1.38450 zone would offer a high-probability long entry.
#USDCAD: 1000+ Pips Big Bullish Move With Three TargetsThe USDCAD is currently in a bearish trend since the day has dropped significantly and is still falling. We anticipate the price to drop slightly more before it reaches our entry zone. There are two entry points, and you can choose either one that aligns with your views. There are three targets, and you can set take profit targets that suit you best.
Good luck and trade safely.
Thanks for your support! 😊
If you want to help us out, here are a few things you can do:
- Like our ideas
- Comment on our ideas
- Share our ideas
Team Setupsfx_
❤️🚀
usdcad buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
USD/CAD(20250418)Today's AnalysisMarket news:
The European Central Bank cut interest rates by 25 basis points as expected, the seventh rate cut in the past year, and this decision was unanimous.
Technical analysis:
Today's buying and selling boundaries:
1.3855
Support and resistance levels:
1.3933
1.3904
1.3885
1.3825
1.3807
1.3778
Trading strategy:
If the price breaks through 1.3855, consider buying, the first target price is 1.3885
If the price breaks through 1.3825, consider selling, the first target price is 1.3807
USD/CAD(20250417)Today's AnalysisMarket news:
U.S. import prices fell 0.1% in March from the previous month, the first month-on-month decline since September last year.
Technical analysis:
Today's buying and selling boundaries:
1.3923
Support and resistance levels:
1.4050
1.4002
1.3972
1.3875
1.3844
1.3797
Trading strategy:
If the price breaks through 1.3972, consider buying, with the first target price at 1.4002
If the price breaks through 1.3923, consider selling, with the first target price at 1.3875
#USDCAD: We took the Swing Sell, Now let's focus on Swing Buy! The USD/CAD exchange rate experienced a significant decline, reaching its all-time high against the USD. This decline is primarily attributed to the ongoing trade dispute between China and the United States, which has led to a depreciation of the USD and resulted in a yearly low.
However, we anticipate a potential reversal in the price trajectory. We identify a favourable area where the price may stabilise and address the liquidity gap it has created.
We have established three targets, and to effectively utilise these targets, we recommend executing small entries with each target set based on a predetermined take-profit level.
We extend our sincere gratitude for your unwavering support throughout this journey within this community. Additionally, we appreciate the contributions of each individual who has supported our endeavours. We are pleased to announce that we have garnered 20,000 followers.
Much Love,
Team Setupsfx_
❤️🚀
USD/CAD(20250409)Today's AnalysisMarket news:
The U.S. Customs and Border Protection Agency reiterated that the specific tax rates for each country will be announced at 12:01 a.m. on April 9.
Technical analysis:
Today's buying and selling boundaries:
1.4227
Support and resistance levels:
1.4353
1.4306
1.4275
1.4178
1.4147
1.4100
Trading strategy:
If the price breaks through 1.4275, consider buying, the first target price is 1.4306
If the price breaks through 1.4227, consider selling, the first target price is 1.4178
USD/CAD(20250325)Today's AnalysisToday's buying and selling boundaries:
1.4294
Support and resistance levels:
1.4357
1.4333
1.4318
1.4270
1.4255
1.4232
Trading strategy:
If the price breaks through 1.4294, consider buying, the first target price is 1.4318
If the price breaks through 1.4270, consider selling, the first target price is 1.4255
USD/CAD(20250325)Today's AnalysisToday's buying and selling boundaries:
1.4318
Support and resistance levels:
1.4379
1.4356
1.4342
1.4295
1.4280
1.4257
Trading strategy:
If the price breaks through 1.4342, consider buying, the first target price is 1.4356
If the price breaks through 1.4295, consider selling, the first target price is 1.4280
USD/CAD Very Near Buying Area , Are You Ready To Get 200 Pips ?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.
USD/CAD Bullish Setup: Key Support Holding for Potential Upside This chart represents a technical analysis of the USD/CAD currency pair on the 1-hour timeframe. Here's a breakdown of the key elements:
Key Indicators & Levels:
Exponential Moving Averages (EMA):
200 EMA (Blue Line): 1.43906 (Long-term trend indicator)
30 EMA (Red Line): 1.43859 (Short-term trend indicator)
Support & Resistance Zones:
Support Zone (Purple Area, Lower): Around 1.43658
Resistance Zone (Purple Area, Upper): Around 1.44500
Trade Setup:
Entry Point: Near 1.43753 (Current Price)
Stop Loss: Below 1.43658 (Red zone at 1.43158)
Take Profit Target: 1.45425 - 1.45433 (Blue zone)
Potential Trade Direction:
The price is expected to bounce from the support zone and move upwards.
A break above the resistance zone (~1.44500) would confirm bullish momentum.
The projected target is 1.45425 - 1.45433.
Conclusion:
Bullish Outlook: If the price respects the support zone and breaks above 1.44500.
Bearish Risk: If the price falls below 1.43658, the setup would be invalid.
EMA Perspective: The price is fluctuating around the 200 EMA, suggesting a potential trend shift.
Would you like a more detailed breakdown or any additional insights
USDCAD Could move 1,064pips up the next month.The reasons why I strongly believe this move will happen are the following:
According to the CFTC non-commercials are shorting CAD.
Non-commercials have 20,388 positions long and 68,914 positions shorts. This means that they are selling more CAD than they actually buying it. According to this info we could expect a move to the upside.
From a monthly perspective there is plenty of buy side liquidity in USDCAD.
If you look at the chart you will see two blue circles and a dollar bill between them . Those highs have not been liquidated yet. The price is aggressively chasing those highs. According to the explanation provided the price is extremely bullish because is moving to a strong liquidity area.
From monthly perspective the price already liquidates sell side liquidity.
If look at the chart you will see a yellow circle . The yellow circle represents the sell side liquidity that was liquidated by the price.
The price has bullish structure.
The price is making higher highs will doing so liquidating sell side liquidity.
There is a lot of optimists about the dollar getting stronger in the near future.
DXY has bullish structure.
The DXY is currently making a retracement. It is currently at 50%. We could assume that is very close to be ready because it took sell side liquidity as well.
In other words, the CAD is getting weaker and the USD stronger.
USD/CAD Full Analysis , Best Place To Sell&Buy To Get 250 Pips !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.