USDCAD Technical Analysis Report 23 December, 2025
USDCAD currency pair can be expected to fall further to the next strong support level 1.3600 (which reversed the price multiple times from June).
- USDCAD broke the support level 1.3740
- Likely to fall to support level 1.3600
USDCAD currency pair recently broke the pivotal long-term support level 1.3740 (which has been reversing the pair from August, as can be viewn from the daily USDCAD chart below the price earlier stopped waves a, 4, B, 2 and (3) over the last few months). The breakout of the support level 1.3740 should accelerate the active intermediate impulse wave (5) from the end of November – which belongs to the long-term downward impulse sequence (1) from the begin of November.
Given the clear daily downtrend and the bullish Canadian dollar sentiment viewn today across the FX markets – coupled with the strongly bearish US dollar sentiment , USDCAD currency pair can be expected to fall further to the next strong support level 1.3600 (which reversed the price multiple times from June).
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