USDCAD chart shows bullish continuation
The USD/CAD currency pair, also known as the “Loonie,” is one of the most traded forex pairs, reflecting the strength of the US Dollar against the Canadian Dollar. Traders closely monitor this pair due to its sensitivity to economic releases from both the US and Canada, particularly those tied to inflation, GDP, and central bank outlooks. From a fundamental perspective, today’s upcoming US data such as the PCE price index, personal income, and consumer spending reports will be in focus as they serve as key inflation and growth indicators for the Federal Reserve’s policy stance. A stronger-than-expected PCE reading would likely bolster the USD as it strengthens expectations for higher interest rates, while weak income or spending data could weigh on sentiment. In addition, speeches from Fed officials including Richmond Fed President Thomas Barkin and Governor Michelle Bowman may provide further insight into monetary policy direction. On the Canadian side, GDP data remains a critical driver, with stronger growth supporting CAD demand. Overall, fundamentals today tilt toward higher volatility in USD-CAD, with bias leaning bullish if US data signals resilient inflation and spending trends.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the USD/CAD H4 chart, the price has recently shown sharp bullish candles, moving in a clear ascending trend above the Ichimoku green cloud. The cloud itself is sloping upward, with both its boundaries also pointing higher, confirming strong bullish momentum. Price has decisively broken above resistance and is consolidating above the 1.3900 zone, turning it into short-term support. Two support zones are visible in the chart: the first in the 1.3860–1.3880 range and the second broader support area around 1.3720–1.3740. As long as USD CAD holds above the Ichimoku cloud and maintains higher highs, the bullish trend remains intact, with further upside potential toward 1.3960 and possibly the psychological 1.4000 level.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
Capitalcore
The USD/CAD currency pair, also known as the “Loonie,” is one of the most traded forex pairs, reflecting the strength of the US Dollar against the Canadian Dollar. Traders closely monitor this pair due to its sensitivity to economic releases from both the US and Canada, particularly those tied to inflation, GDP, and central bank outlooks. From a fundamental perspective, today’s upcoming US data such as the PCE price index, personal income, and consumer spending reports will be in focus as they serve as key inflation and growth indicators for the Federal Reserve’s policy stance. A stronger-than-expected PCE reading would likely bolster the USD as it strengthens expectations for higher interest rates, while weak income or spending data could weigh on sentiment. In addition, speeches from Fed officials including Richmond Fed President Thomas Barkin and Governor Michelle Bowman may provide further insight into monetary policy direction. On the Canadian side, GDP data remains a critical driver, with stronger growth supporting CAD demand. Overall, fundamentals today tilt toward higher volatility in USD-CAD, with bias leaning bullish if US data signals resilient inflation and spending trends.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the USD/CAD H4 chart, the price has recently shown sharp bullish candles, moving in a clear ascending trend above the Ichimoku green cloud. The cloud itself is sloping upward, with both its boundaries also pointing higher, confirming strong bullish momentum. Price has decisively broken above resistance and is consolidating above the 1.3900 zone, turning it into short-term support. Two support zones are visible in the chart: the first in the 1.3860–1.3880 range and the second broader support area around 1.3720–1.3740. As long as USD CAD holds above the Ichimoku cloud and maintains higher highs, the bullish trend remains intact, with further upside potential toward 1.3960 and possibly the psychological 1.4000 level.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
Capitalcore