USDCAD - Rising Channel Breakdown (05.06.2026)

Jun 5

USD/CAD has broken below its ascending channel structure after repeated rejection from the 1.3920–1.3925 resistance zone. The failure to sustain bullish momentum near the upper boundary triggered aggressive selling pressure, confirming short-term bearish continuation. Price is now trading below the dynamic trendline support while momentum indicators favor sellers in the near term. If bearish momentum continues, the pair may extend toward the highlighted support levels over the coming sessions. USDCAD

🔴1st Support : 1.38337
🔴2nd Support : 1.38095
🟢Resistance Zone : 1.39154 – 1.39245

📰 Live Headlines
• U.S. Dollar Softens Ahead of Key Labor Data – Traders remain cautious before upcoming U.S. employment releases, keeping the dollar under pressure across FX markets.

⚠️Disclaimer : This analysis is for educational purposes only

Support the idea 🚀Boost | 💬 Comment | 🔁 Share |

🔸🔸 Charts Don’t Lie, Traders Don’t Quit 🔸🔸

Jun 5

Trade active