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USD/CAD

USD/CAD, Wednesday, April 22, 2026

USD/CAD

The major currency pair USDCAD yesterday appeared to start moving upwards supported by the strengthening of the USD Index. On the H4 timeframe this afternoon, a candle is seen swinging upwards at the price level of 1.36589, being held below the dynamic resistance line of the blue EMA21 located below the purple EMA50 and the orange EMA200. Meanwhile, the CCI14 indicator still seems to be swinging upwards, attempting to break through the neutral area of the zero line. Therefore, for today's sacred Wednesday daily trading, choosing to BUY USDCAD remains a profitable trading option, by placing a stop loss at the lower area of 1.36326 and a take profit target at the higher area of 1.37847.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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