USDCAD bullish continuation supported at 1.3795The USDCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.3795 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.3795 would confirm ongoing upside momentum, with potential targets at:
1.3890 – initial resistance
1.3920 – psychological and structural level
1.3945 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 1.3795 would weaken the bullish outlook and suggest deeper downside risk toward:
1.3770 – minor support
1.3745 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the USDCAD holds above 1.3795. A sustained break below this level could shift momentum to the downside in the short term.
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