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USDCAD Wave Analysis – 6 February 2025

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- USDCAD reversed from the support zone
- Likely to rise to resistance level 1.4400

USDCAD currency pair recently reversed from the support zone between the pivotal support level 1.4290, which has stopped the previous corrections A, C , as can be seen below and the lower daily Bollinger Band.

The upward reversal from this support zone created the daily Japanese candlestick reversal pattern Doji, which stands near the 50% Fibonacci correction of the previous upward impulse from November.

Given the clear daily uptrend, USDCAD currency pair can be expected to rise to the next resistance level 1.4400.
FxProGlobal
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.

Reach out to media.comments@fxpro.com for PR and media inquiries
Também em:
FibonacciSupport and ResistanceTrend Analysis

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FibonacciSupport and ResistanceTrend Analysis
FxProGlobal
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.

Reach out to media.comments@fxpro.com for PR and media inquiries
Também em:

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.