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USD/CAD Technical Analysis
The USD/CAD pair preserves its corrective upward trajectory with little material change to the underlying technical outlook, amid the continuation of positive momentum across the short-term price action.
Technical Outlook – 4-Hour Timeframe
Within the short-term landscape, the pair has established a robust support base in the vicinity of 1.3730, persisting in its efforts to harvest fresh bullish momentum and resume the prevailing upward trend over the upcoming period.
The simple moving averages — particularly the 50-period moving average — continue to provide clear constructive support beneath the price, reinforcing the probability of a continued upside move. This dynamic is further validated by the price tracking along an ascending trendline, which lends additional weight to the expected bullish scenario.
Expected Scenarios:
Bullish (Most Likely) Scenario:
As long as trading remains anchored above the 1.3730 support floor, the bullish bias will retain the upper hand, with 1.3780 set as the initial objective. Gains could subsequently extend upon a decisive break above 1.3780, targeting 1.3820 as the next level.
Bearish Scenario:
Conversely, a return and stabilization beneath 1.3720 would temporarily neutralize the bullish scenario and expose the pair to renewed negative pressure, with 1.3690 emerging as the initial downside objective, followed by 1.3660 as the subsequent level.
Risk Alert: Risk levels remain elevated amid persistent trade frictions and geopolitical tensions — all scenarios should be considered plausible.
Risk note
Headline risk is elevated. Use prudent sizing and firm stops; reassess quickly if these trigger levels give way.
| S1: 1.3735 | R1: 1.3780 |
| S2: 1.3690 | R2: 1.3820 |
| S3: 1.3660 | R3: 1.3855 |
