03/09/2026
USD/CAD is showing a strong bullish structure, and the latest price action suggests buyers may still have control of the market.
Looking at the higher timeframe, the pair continues to form higher highs and higher lows, confirming an overall bullish trend. Price also reacted strongly from a key weekly support level, with a bullish engulfing candle providing additional confirmation that buyers were active.
The next important development was the pullback. Previous resistance and key daily levels have the potential to act as secondary support, creating an area where buyers could step back into the market.
This type of price action highlights an important principle: when a higher timeframe trend remains bullish, traders often look for pullbacks into key support levels before anticipating potential continuation.
For USD/CAD, the next key level remains overhead resistance. A confirmed break and close above this area could signal another continuation move to the upside. However, traders should continue monitoring price action and confirmation before entering.
Question for traders: Is USD/CAD setting up for another bullish continuation, or will resistance trigger a deeper pullback first?
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This is not financial advice - Trading involves risk. ACY Capital LLC 2610 2022
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