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.
About U.S. Dollar / Canadian Dollar
The US Dollar vs. the Canadian Dollar is a very popular currency pair due to the extremely large amount of cross border trading that occurs between the U.S. and Canada. The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.
USD/CAD - Bearish Flag (04.06.2025)The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The
USDCAD Rebound from Key Support – Bullish Setup in PlayUSDCAD pair has reached a technical inflection point at key support around 1.3700, where it is attempting a rebound after several days of bearish momentum. With recent Canadian data showing underlying economic strain and the U.S. dollar reacting to rate expectations and tariff news, this area become
USD/CAD..1Week chart pattern.potentially significant breakdown on the USDCAD weekly chart—if price has decisively broken below a long-standing ascending trendline, that can be a strong signal of trend reversal or deeper correction.
Let's assess your trade setup:
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🟦 Trade Plan Summary
Entry: Short at 1.3700 (current posi
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USDCAD MARKET ANALYSIS AND PRICE PREDICTIONUSDCAD , has retested the rejection and order zone. Price has already grabbed the Sell Side liquidity and upward movement is mostly certain. An institutional Buy order is going to push the price up. The first target is the breaker block at the renegotiation trend line at 1.37837, and the second targ
USDCAD Makes Retest At 200 EMA After Bull Trap BreakoutOANDA:USDCAD here on the 1Hr Chart has printed an Ascending Channel and Bears have made a Breakout!
Price currently looks to be on its way to retesting the Breakout of the Channel with the 200 EMA and Upper Bollinger Bands sitting at the Rising Support adding some heavy Bearish Pressure.
Fundamen
USDCAD: Bearish After the News 🇺🇸🇨🇦
USDCAD looks bearish after a release of today's fundamental news.
A bearish breakout of a rising channel on a 4h time frame
and a strong selling reaction after its retest provide
a reliable bearish continuation.
I think that the price may drop to 1.3743 support.
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A Different Way To Use the RSI To Trade Deceleration Patterns A deceleration pattern is a pattern that forms at the end of a directional move as it starts to lose steam. 2 good ones to learn are the rising/falling wedge & channel.
The problem wit these patterns however, is that it can sometimes be difficult to tell when that final reversal may come backing i
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The value of the USDCAD pair is quoted as 1 USD per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 USD.
USDCAD is a major currency pair, i.e. a popular currency paired with USD.
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