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USDCAD - Jan 09, sustainable bullish cup pattern

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USDCAD trend forecast Jan 09 , 2026

💬The Canadian Dollar stays under pressure against the US Dollar on Thursday amid broad USD strength, with USD/CAD hovering near 1.3875, close to its highest level since early December. Upside momentum, however, remains limited as rebounding Oil prices offer some support to the Loonie. WTI trades near $57.20, up nearly 1.8%, helping cushion CAD losses given Canada’s role as a major crude exporter.

💬 A bullish cup pattern formed on the H1 timeframe, breaking through resistance and sustaining a strong upward trend.

🥇/// BUY USDCAD : zone 1.38650 - 1.38550

SL: 1.38250

TP: 40 - 60 - 100 PIPS ( 1.39550 )


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+ 40 pips , signal BUY USDCAD 1.38650 - 1.38550

Feragatname

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