USDCAD Wave Analysis – 18 June 2025

USDCAD: ⬆️ Buy

– USDCAD broke daily down channel

– Likely to rise to the resistance level at 1.3730

USDCAD currency pair recently broke the resistance trendline of the daily down channel from the start of May.

The breakout of this down channel follows the earlier upward reversal from the pivotal support level 1.3545 coinciding with the lower daily Bollinger Band.

USDCAD currency pair can be expected to rise to the next resistance level at 1.3730 (former strong support from May).

Source: https://fxpro.news