USDCAD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.39900 zone, USDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.39900 support and resistance
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.
Related currencies
USDCAD Eye a Deeper Pullback as Oil & Dollar Momentum CoolsUSDCAD, After a sharp rebound toward 1.4020, USD/CAD is showing signs of exhaustion as selling pressure re-emerges at the top of the recent range. With oil prices stabilizing near mid-60s and the Bank of Canada signaling patience amid weak but steady domestic data, the pair faces the risk of another
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You’re in profit.
The trade’s working.
Your system’s doi
USDCAD Consolidation Selling Pressure re-emerging near the top USDCAD is showing signs of consolidation after recent gains, with selling pressure re-emerging near the top of the recent range. Price action indicates exhaustion around resistance, suggesting a potential short-term rejection and downside correction.
Crude oil prices have stabilized near the mid-$6
USDCAD Buildup to 1.4150Price has been building momentum after a steady climb, and now we’ve seen a clear breakout above this key resistance zone (now turned support).
This breakout shows buyers stepping in with conviction.
As long as price holds above the highlighted support, my bias would remain bullish, with the next
USD/CAD – 15M ChartPrice has made a huge steady move up over the last 6–7 hours and is now coming into medium resistance.
🔹 Momentum is extremely strong at 92 and beginning to hook down.
🔹 On watch for a possible reversal setup which would require:
Clear structure signal
Divergence on momentum
Volume > 80 (15M ch
USD/CAD) Bullish trend analysis Read The captionSMC Trading point update
Technical analysis of USD/CAD on the 4H t
Overall Concept
The analysis suggests a retracement entry before a continuation to the upside.
The market is currently bullish, respecting higher highs and higher lows.
The analyst expects a pullback into a discount zone
USDCAD H4 | Potential Bullish Bounce Off SupportBased on the H4 chart analysis, we can see that the price has bounced off the buy entry, which is a pullback support that lines up with the 50% Fibonacci retracemnt and could rise from this level to the take profit.
Buy entry is at 1.3910, whichis a pullback support that lines up with the 50% Fibon
USDCAD H1 Long Entry ConfirmationsAs per the daily TF setup, my overall bias is bullish.
On this H1 TF, the most ideal entries would be confirmed after price takes out either one of those lows or retests the neckline of the inverse head and shoulders.
But just keep in mind the overall direction at all times.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of USDCAD is 1.40966 CAD — it has increased by 0.20% in the past 24 hours. See more of USDCAD rate dynamics on the detailed chart.
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.
The term volatility describes the risk related to the changes in an asset's value. USDCAD has the volatility rating of 0.15%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDCAD showed a 1.32% rise over the past week, the month change is a 1.24% rise, and over the last year it has increased by 1.97%. Track live rate changes on the USDCAD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
USDCAD is a major currency pair, i.e. a popular currency paired with USD.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade USDCAD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with USDCAD technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the USDCAD shows the strong buy signal, and 1 month rating is buy. See more of USDCAD technicals for a more comprehensive analysis.









