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USD/CAD Technical Analysis - USD/CAD Trading: 2025-07-22
USD/CAD Technical Analysis Summary
Above 1.36926
Buy Stop
Below 1.36751
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Buy |
USD/CAD Chart Analysis
USD/CAD Technical Analysis
The technical analysis of the USDCAD price chart on 1-hour timeframe shows USDCAD,H1 is retracing up to test the 200-period moving average MA(200) after hitting 1-week low today. We believe the bullish momentum will persist after the price breaches above the upper boundary of Donchian channel at 1.36926. 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 1.36751. 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
Decline of prices of raw materials in Canada reversed in Jun. Will the USDCAD price continue rebounding?
Prices of raw materials in Canada, as measured by Raw Materials Price Index (RMPI), rose 2.7% over month in June after 0.7% drop in May when an 0.1% decline was expected. RMPI grew 1.1% year over year, rebounding from a revised 3.2% decline in May. The increase was primarily driven by a 6.8% increase in crude energy prices. Meanwhile, metal ores, concentrates, and scrap prices gained 1.4%, led by a 10.3% surge in silver ores, concentrates and mill bullion prices. Agricultural product prices rose 2.0%, the largest monthly gain since April 2024, boosted by higher hog prices - up 7.9% - supported by strong pork exports and seasonal demand. Rising raw materials prices are bullish for Canadian currency and bearish for USDCAD currency pair. However, the current setup is bullish for USDCAD.
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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.