USDCAD Technical Analysis Report 22 September, 2025
Given the strongly bullish US dollar sentiment viewn across the FX markets today, USDCAD currency pair can be expected to rise further to the next resistance level 1.3900 (which stopped wave (1) in the middle of August).
- USDCAD reversed from support zone
- Likely to rise to resistance level 1.3900
USDCAD currency pair recently reversed up from the support zone between the pivotal support level 1.3730 (which has been reversing the price from the begin of August, as can be viewn from the daily USDCAD chart below), lower daily Bollinger Band and the support trendline of the daily up channel from July. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing – which begined the active short-term impulse wave 3.
Given the strongly bullish US dollar sentiment viewn across the FX markets today, USDCAD currency pair can be expected to rise further to the next resistance level 1.3900 (which stopped wave (1) in the middle of August).
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you viewk independent professional advice or conduct your own independent research before acting upon any information contained in this article.
