USDCAD: ⬇️ Sell
– USDCAD broke daily up channel
– Likely to fall to support level 1.3715
USDCAD currency pair recently reversed down from the resistance zone between the resistance level 1.3900, upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from February.
The price just broke the support trendline of the daily up channel from July – which should accelerate the active wave 2.
-p src=/wp-content/themes/fxpro_news_2025/assets/images/etf/820x312_ETF_1_uk_75_eng.png>Given the clear daily downtrend, USDCAD currency pair can be expected to fall to the next support level 1.3715 (target price for the completion of the active wave 2).
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