Analysis of the USDCAD Currency Pair for 03.03.2026

Analytics of currency pairs based on modified wave analysis, Fibonacci levels, and price channels.

03.03.2026.     

USDCAD

       The trend is bullish. The currency pair is trading within the range of the 365 and 135 EMAs. The truncated bearish wave structure has completed with a breakout of the descending channel. The Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy on a breakout above 1.36835.

Stop Loss – 1.36600.

Target levels – 1.37120; 1.37400.