USDCAD Is Undulating in an Upward Direction

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

USDCAD Analysis – June 15

USDCAD is undulating in an upward direction. The market’s latest move sees it bounce back off the conduit channel’s lower border to reach the channel’s upper border. The bullish strength in the market is currently very strong. However, there are hesitations as the price climbs towards the 1.28980 significant level. Whether or not the price action reaches the upper border, USDCAD will retain the generally bullish outlook.

USDCAD Critical Levels

Resistance Levels: 1.28980, 1.31810, 1.30330
Support Levels: 1.23000, 1.24700, 1.26500

USDCAD Is Undulating in an Upward DirectionUSDCAD Long-Term Trend: Bearish

The market has entangled itself amidst several key levels to acquire this position. Fairly consistent higher highs and lows characterize this price position. In doing this, USDCAD has breached the 1.28980 significant level, posing as a barrier. Although the price dropped after testing the next level at 1.30330 in undulation, the next cycle of price action has also breached the level again.

However, it takes some energy to break the 1.30330 resistance, and the price action shows a recovery from the activity. The market has posted a tweezer top candlestick pattern, which shows weakness in the price. As a result, the market could drop back to the lower border but maintain its uptrend. The Stochastic has risen high into an overbought region, which signals an imminent drop.

USDCAD Is Undulating in an Upward DirectionUSDCAD Short Term Trend: Bearish

On the 4-hour chart, the Parabolic SAR (Stop and Reverse) has switched its dots above the candles to signify a potential reversal. Also, the short-term Stochastic Oscillator indicator shows the line drooping already towards the overbought region. USDCAD is expected to find support at or before reaching the channel’s lower border. After that, another rally will take place.

How To Buy Lucky Block 

Note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *