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Technical Analysis

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDCAD 16.1.2026

Technical Analysis
Friday, January 16, 2026 - 13:10
Point Trader Group
USDCAD 16.1.2026

Overall Trend:

USDCAD is in a corrective rebound after a sharp decline, but still capped below major supply.

Technical View:

Current recovery faces resistance near 1.3965, a decisive level for trend continuation.

Scenarios:

Rejection below 1.3965 may send price back to 1.3800.

A confirmed breakout could extend toward 1.4050.

Bottom Line:

Cautious outlook, favoring sell-on-rallies strategy.

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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