CAD Weakens, USDCAD Pushes AheadOn September 23, 2025, the Canadian dollar fell to an 11-day low as the interest rate spread between the U.S. and Canada widened further. This continued to put pressure on the CAD, giving USDCAD strong upward momentum.
Looking at the chart, USDCAD is moving steadily within an ascending channel. The current price around 1.3890, after a minor consolidation, has the potential to test the 1.3900 resistance zone. This is a key level — if broken decisively, the bullish trend will be reinforced and extended.
On the downside, the 1.3830 support zone remains the key level to hold the trend. As long as price stays above this area, the strategy favors buying with the trend.
In summary : USDCAD is in a clear uptrend, with fundamentals supporting the bulls. The immediate target is 1.3900, with potential for higher gains if CAD weakness continues.
