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USDCAD starting a massive 2-year rally.

The USDCAD pair has been trading within a Channel Up since the May 31 2021 market bottom. In recent weeks it broke above its 1W MA50 (blue trend-line) following a June 16 2025 Higher Low, just above the 1W MA200 (orange trend-line), which has been holding as the natural Support since September 2022.

Given the potential peak on the 1W CCI and the similarities with the previous Higher Low bottom formations, we expect the pair to start the new long-term Bullish Leg. With the previous two Bullish Legs rising by at least +13.00%, we anticipate the price to reach 1.53000 within 2 years time.

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