[B][SIZE=5]The dollar falls, the loonie celebrates: what’s next for USDCAD[/SIZE][/B]
A stronger Canadian labour market supports the loonie and could push USDCAD down towards the support level at 1.3630. Discover more in our analysis for 9 June 2025.
[B]USDCAD technical analysis[/B]
On the H4 chart, USDCAD formed a reversal pattern – Hammer – near the lower Bollinger Band. The pair is currently developing a correction from this signal. As prices remain within the descending channel, a move towards the nearest resistance at 1.3725 is possible.
[IMG]https://roboforex.com/uploads/roboforecast/roboforex_com/99/2025/June/09/usdcad-2025-06-09.png[/IMG]
All macroeconomic factors currently favour the Canadian dollar.
Read more - [url=https://roboforex.com/beginners/analytics/forex-forecast/currencies/usd-cad-forecast-2025-06-09/?utm_source=
[B][SIZE=5]The dollar falls, the loonie celebrates: what’s next for USDCAD[/SIZE][/B]
A stronger Canadian labour market supports the loonie and could push USDCAD down towards the support level at 1.3630. Discover more in our analysis for 9 June 2025.
[B]USDCAD technical analysis[/B]
On the H4 chart, USDCAD formed a reversal pattern – Hammer – near the lower Bollinger Band. The pair is currently developing a correction from this signal. As prices remain within the descending channel, a move towards the nearest resistance at 1.3725 is possible.
All macroeconomic factors currently favour the Canadian dollar.
Read more - USDCAD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team