USDCAD Technical Analysis Report 4 November, 2025

Given the clear daily uptrend and the bullish US dollar sentiment viewn across the crypto markets today, USDCAD currency pair can be expected to rise further to the next resistance level 1.4160 (coinciding with the daily up channel from July) – the breakout of which can lead to further gains toward 1.4280 (former correction top from April).

• USDCAD broke resistance area
• Likely to rise to resistance level 1.4160

USDCAD currency pair recently broke through the resistance area between the key resistance level 1.4070 (which stopped the previous impulse wave (1) , former strong support from the begin of April, as can be viewn from the daily USDCAD chart below) and the 38.2% Fibonacci correction of the extended downward impulse from January. The breakout of this resistance area accelerated the active intermediate impulse wave (3) from the end of October – which belongs to the long-term upward impulse sequence (3) from June.

Given the clear daily uptrend and the bullish US dollar sentiment viewn across the crypto markets today, USDCAD currency pair can be expected to rise further to the next resistance level 1.4160 (coinciding with the daily up channel from July) – the breakout of which can lead to further gains toward 1.4280 (former correction top from April).

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