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USD/CAD Technical Analysis - USD/CAD Trading: 2025-07-16
USD/CAD Technical Analysis Summary
Above 1.37280
Buy Stop
Below 1.36723
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Neutral |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
USD/CAD Chart Analysis
USD/CAD Technical Analysis
The USDCAD technical analysis of the price chart on 4-hour timeframe shows USDCAD,H4 is rebounding after testing the 200-period moving average MA(200) which is declining itself. We believe the bullish movement will continue after the price rises above the upper Donchian boundary at 1.37280. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.36723. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - USD/CAD
Canadian consumer inflation remained steady in June. Will the USDCAD price rebounding persist?
Canada’s statistics agency Statistics Canada reported that Canada’s Trimmed Consumer Price Index (CPI) - the Bank of Canada’s preferred gauge of consumer inflation – remained unchanged at 3% in June, well above central bank’s 2% target. Another Bank of Canada main measure of inflation — the median consumer prices index – ticked up to 3.1% when no change was expected. At the same time, the Consumer Price Index rose 1.9% on a year-over-year basis in June, up from a 1.7% increase in May. Sticky Canadian inflation supports the view that the Bank of Canada will pause its easing cycle and could even tighten further if inflation persists, which is bullish for Canadian dollar and bearish for USDCAD currency pair. However, the current setup is bullish for USDCAD.
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