COT Positioning: USD long 36.53%, short 63.47%; CAD long 11.95%, short 88.05%.
Bias: Very Bullish for USD/CAD — institutions remain heavily net short CAD and moderately long USD.
Seasonality: +0.61% (historically supportive for USD strength).
Economic Score: CAD weaker across employment (-0.12%) and inflation, while USD maintains relative stability.
Price trades around 1.3949, showing a breakout structure from the 1.3900 resistance zone — now turned support. The trend remains upward with higher highs and higher lows. Momentum suggests continuation toward next resistance levels.
USDCAD
Primary Setup (Bullish)
Direction: BUY USDCAD
Entry Zone: 1.3920 – 1.3950 (on minor pullback or retest of breakout zone)
Stop-Loss: 1.3860
Take-Profit Targets:
TP1: 1.4020
TP2: 1.4100
Alternative Setup (If Primary Fails)
Direction: SELL USDCAD
Entry: Below 1.3860 (break of support + retest confirmation)
Stop-Loss: 1.3920
Take-Profit Targets:
TP1: 1.3780
TP2: 1.3700
Bias: Very Bullish for USD/CAD — institutions remain heavily net short CAD and moderately long USD.
Seasonality: +0.61% (historically supportive for USD strength).
Economic Score: CAD weaker across employment (-0.12%) and inflation, while USD maintains relative stability.
Price trades around 1.3949, showing a breakout structure from the 1.3900 resistance zone — now turned support. The trend remains upward with higher highs and higher lows. Momentum suggests continuation toward next resistance levels.
USDCAD
Primary Setup (Bullish)
Direction: BUY USDCAD
Entry Zone: 1.3920 – 1.3950 (on minor pullback or retest of breakout zone)
Stop-Loss: 1.3860
Take-Profit Targets:
TP1: 1.4020
TP2: 1.4100
Alternative Setup (If Primary Fails)
Direction: SELL USDCAD
Entry: Below 1.3860 (break of support + retest confirmation)
Stop-Loss: 1.3920
Take-Profit Targets:
TP1: 1.3780
TP2: 1.3700
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.