USD/CAD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Bullish Bias Above $1.44525: Sustained trading above this pivot supports upside potential toward $1.45906.

- Immediate Resistance at $1.45254: A breakout could drive gains toward the next resistance at $1.46681.

- 50-EMA at $1.44369: Acts as strong dynamic support, reinforcing the bullish trend.

The USD/CAD pair is trading at $1.44852, up 0.38%, reflecting a continuation of bullish momentum. The pair is comfortably holding above the key pivot point at $1.44525, signaling sustained buying interest.

Immediate resistance is positioned at $1.45254, with a break above this level potentially accelerating gains toward $1.45906 and $1.46681, the latter marking a significant barrier for bullish extension.

On the downside, immediate support is identified at $1.43820, followed by $1.43175 and $1.42623. A drop below these levels could trigger corrective pullbacks; however, the broader bias remains bullish as long as the pair sustains above the pivot.

The 50-day Exponential Moving Average (EMA) at $1.44369 underpins the bullish outlook, acting as dynamic support.

Additionally, the Relative Strength Index (RSI) remains in neutral-to-bullish territory, suggesting further room for upside before reaching overbought conditions.

USD/CAD - Trade Ideas

Entry Price – Buy Above 1.44533

Take Profit – 1.45684

Stop Loss – 1.43827

Risk to Reward – 1:1.6

Profit & Loss Per Standard Lot = +$1151/ -$706

Profit & Loss Per Mini Lot = +$115/ -$70