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USDCAD 10.12.2025
Bias:
The pair is recovering modestly after a sharp drop, trading between resistance at 1.3868–1.3890 and key support at 1.3800.
Technical Outlook:
Momentum remains weak, indicating the correction might exhaust soon if price fails to clear the resistance area.
Scenarios:
Bullish: A confirmed close above 1.3890 could extend recovery to 1.3950 and 1.4000.
Bearish: Staying below 1.3868 will likely resume the decline toward 1.3800, with deeper targets at 1.3750 and 1.3710.
Key Levels:
Resistance: 1.3868 – 1.3890 – 1.3950 – 1.4000
Support: 1.3800 – 1.3750 – 1.3710
Conclusion:
The broader trend remains bearish, and rallies below 1.3890 are corrective rather than the start of a bullish reversal.
*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
