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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