USDCAD Wave Analysis – 22 September 2026

USDCAD: ⬆️ Buy

– USDCAD broke resistance zone

– Likely to rise to resistance level 1.4150

USDCAD currency pair recently broke through the resistance zone lying at the intersection of the round round resistance level 1.4000 (50% Fibonacci correction of the downward wave (2) from July) and the resistance trendline of the daily down channel from July.

The breakout of this resistance zone accelerated the active intermediate impulse wave (3).

Given the strongly bullish US dollar sentiment, USDCAD currency pair can be expected to rise further toward the next resistance level 1.4150.