USDCAD Technical Analysis Report 24 September, 2025 Â
USDCAD currency pair can be expected to rise further toward the next resistance level 1.401 (the former monthly high from May and the forecast price for the completion of the active ABC correction 2).
- USDCAD broke resistance area
- Likely to rise to resistance level 1.401
USDCAD currency pair recently broke the resistance area located between the key resistance level 1.3900 (which has been reversing the price from the end of August, as can be viewn from the daily USDCAD chart below) and the 38.2% Fibonacci correction of the previous sharp downward impulse wave from March. The breakout of this resistance area accelerated the active impulse wave c of the ABC correction 2 from the end of August.
Given the strongly bullish US dollar sentiment, coupled with significant CAD outflows that can be viewn across the FX markets today, USDCAD currency pair can be expected to rise further toward the next resistance level 1.401 (the former monthly high from May and the forecast price for the completion of the active ABC correction 2).
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.
