USDCAD Wave Analysis – 25 July 2025

USDCAD: ⬆️ Buy

– USDCAD rising inside sideways price range inside

– Likely to reach resistance level 1.3800

USDCAD currency pair recently reversed down from the key support level 1.3575 (which is the lower boundary of the sideways price range inside which the price has been trading from June).

The upward reversal from the support level 1.3575 created the daily Japanese candlesticks reversal pattern Morning Star.

USDCAD currency pair can be expected to rise to the next resistance level 1.3800 (upper border of this sideways price range, top of wave (2)).

Source: https://fxpro.news