USDCAD Wave Analysis
Portfolio Pulse from
The USDCAD currency pair has reversed from a key support zone between 1.4255 and the lower daily Bollinger Band, indicating the start of an intermediate impulse wave (3). With a strong daily uptrend and bullish US dollar sentiment, the pair is expected to rise towards the 1.4500 resistance level previously seen in January.
April 01, 2025 | 2:30 am
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Ascending
NEGATIVE IMPACT
The bullish trend in USDCAD suggests potential weakness in the Canadian dollar, which could impact the FXC ETF's performance.
The strong upward momentum in USDCAD indicates potential depreciation of the Canadian dollar, which would negatively impact the FXC ETF tracking the currency.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70