Analysis of the USDCAD currency pair for November 3, 2026

03.11.2026

Market Review

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

November 3, 2026

USDCAD

The trend is downward. The currency pair is trading between the 365 EMA and the 135 EMA. An upward truncated wave pattern has concluded with a breakout of the trendline (inclined channel). The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator indicates an overbought condition.

Trading idea:

Sell upon a breakout below 1.3978.

Stop Loss – 1.3997.

Target levels – 1.3952; 1.3942.

Author: GC

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