U.S. Dollar / Canadian Dollar

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USDCAD USDCAD: Still not a very convincing buy; At least BUY USDCAD will not give you great returns for now; Will need a break of 1.4135 for that; Maybe one small tracking lot above 1.4076; Supports are at 1.3963 & 1.3857; This is a daily chart, but on a weekly chart it is a Buy On Dips- a very convincing one; This dichotomy usually means that it is going to trade in a range

USDCAD The USD/CAD pair is maintaining a steady structure after recent swings, reflecting a market that is balancing between consolidation and trend continuation. Liquidity sweeps have occurred on both sides, signaling that price is collecting orders before the next directional move.

USDCAD USDCAD Trading Signal (15m chart):

🔹 Entry Point: 1.38466
🔹 Resistance Zone: 1.38466 – 1.38582
🔹 Stop Loss: 1.38582
🔹 Take Profit Target: 1.37449

📉 Analysis:
USDCAD rejected the resistance zone around 1.3846 – 1.3858, showing strong bearish pressure. As long as the price trades below this area, the downside move is favored, targeting 1.3745.

✅ Signal: Sell
🎯 Target: 1.37449
🛑 Stop Loss: 1.38582
Snapshot