USDCAD Wave Analysis – 9 October 2026

USDCAD: ⬇️ Sell

– USDCAD reversed from resistance zone

– Likely to fall to support level 1.4125

USDCAD currency pair recently reversed down from the resistance zone between the strong resistance level 1.4260 (which stopped wave i at the end of June) and the upper daily Bollinger Band.

The downward reversal from this resistance zone stopped the earlier sharp upward impulse wave iii from the start of September.

Given the strength of the resistance level 1.4260 and the overbought daily Stochastic oscillator, USDCAD currency pair can be expected to fall further toward the next support level 1.4125 – former resistance from the end of July.