FX.co ★ HAPPY KILLER | USD/CAD

USD/CAD Trading Analysis Update Tuesday, March 04, 2025 Usdcad is back up even though the dollar is under seller pressure. The worse economic conditions in Canada have made usdcad go back up even though the dollar is weakening. Prediction of the next movement of usdcad, if seen from the price that has gone back up and the breakout of its closest resistance line, then usdcad still has the potential to be bullish for the next movement. The price that is back above the SMA 50/200 line and the lchimoku cloud also support usdcad to go back up in the next movement. The resistance line 1.4787 is likely to be the next bullish target. Be aware if the price goes back down and breaks the support line or the SMA 50 line at 1.4364, because the price has the potential to pull back and continue its bearish rely if the price is able to go down and break the line.

With the analysis above, usdcad still has the potential to be bullish for further movement, so for further trading in usdcad, we are still looking for buy opportunities. Waiting for the correction price to enter buy is the best opportunity for further trading in usdcad. Waiting for the price to breakout the resistance line of 1.4591 to re-enter buy is also quite recommended, because if the price is able to rise and breakout the resistance line of 1.4591, the movement of usdcad has the potential to go to the resistance line of 1.4787. Here are the trading opportunities in usdcad in full based on the analysis and predictions above: BUY OPPORTUNITY Buy breakout, can be done with instant order because the price has brokenout the nearest resistance line at 1.4465. Target profit at the resistance line of 1.4591. Stop loss 20-30 pips below the line of 1.4465. Buy the next breakout, waiting for the price to rise and breakout the resistance line of 1.4591. Target profit at the resistance line of 1.4787. Stop loss 20-30 pips below line 1.4591. Buy pullback, waiting for the price to fall and make a rejection at the support line 1.4364. Target profit at line 1.4465 & 1.4591. Stop loss 20-30 pips below line 1.4364. SELL OPPORTUNITY Sell pullback, waiting for the price to rise and make a rejection at the resistance line 1.4591. Target profit at line 1.4465 & 1.4364. Stop loss 20-30 pips above line 1.4591. The next sell pullback waits for the price to rise and makes a rejection setup at the resistance line 1.4787. Target profit at line 1.4591. Stop loss 20-30 pips above line 1.4887.