USDCAD Wave Analysis – 9 April 2026

USDCAD: Sell

– USDCAD reversed from resistance zone

– Likely to fall to support level 1.3735

USDCAD currency pair recently reversed down from the resistance zone between the key resistance level 1.3900 (former top of wave B from January), resistance trendline from 2025 and the upper daily Bollinger Band.

The downward reversal from this resistance zone started the active short-term correction 4.

Given the clear daily downtrend, USDCAD currency pair can be expected to fall to the next support level 1.3735 (former top of wave 1 from March).