Canadian Dollar / U.S. Dollar

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Canadian Dollar / U.S. Dollar forum



USDCAD Your Patience Will Pay You — Your Impulse Will Fine You.

USDCAD -- Recent volatility in the USD/CAD exchange rate highlights growing concerns over potential US tariffs on Canadian exports, according to a new UBS report. While the threatened 25% blanket tariff hasn't materialized, UBS analyst Patrick Ernst emphasized that uncertainty remains elevated as both nations navigate this complex trade situation


USDCAD Trade Idea (1H Chart):**

- **Bearish Setup:** If **1.4350 breaks**, expect a drop toward **1.4280-1.4260** (Descending Triangle breakdown).
- **Bullish Setup:** If **1.4350 holds**, a bounce to **1.4395-1.4420** is possible (Double Bottom reversal).
- **Confirmation:** Watch for strong **breakout candles** and volume before entry. 🚀 must use risk management.
Snapshot

USDCAD clear head and shoulders, but stay cautious as we're seeing very low volume right now with multiple high impact news events coming up at 8:30
Snapshot

USDCAD **CAD gains 0.5%**, pushing **USD/CAD below 1.4400** as the Greenback eases.
✔ **Bank of Canada (BoC) cuts rates by 25 bps**, bringing the key rate to **2.75%** to support the economy.
✔ **Trade war tensions rise**, with the US imposing tariffs on steel, aluminum, and potentially copper.
✔ **US CPI inflation cooled in February**, easing fears of prolonged price pressures.
✔ **Mark Carney set to replace Justin Trudeau as Canadian PM**, promising tough trade negotiations with the US.

📈 **USD/CAD Outlook:**
🔹 **Resistance:** **1.4440 – 1.4480** (key supply zone).
🔹 **Support:** **1.4300** (key demand zone).
🔹 **CAD strength is uncertain**, as **whipsaw conditions** persist amid trade war risks and interest rate moves.

🎯 **Key Level to Watch:** **1.4300 – Break below could trigger further CAD strength! 🚀**

USDCAD my short play- sl move to be - got hit- out, no losses, didnt work out- on to the next trade


USDCAD upper trendline on the 1hr broken down- rally failed- good short here