NEWS: USDCAD price is falling -0.6% following better than expected Canadian labor market data
Possible Scenarios:
If USDCAD fails to breach through S1 of 1.38520, our Research Department expects the USDCAD to undergo a short- term upward correction.
If USDCAD manages to break below its S1 of 1.38520, our Research Department expects the USDCAD to extend its losses to its S2 of 1.38338
Support and Resistance Levels:
|
USDCAD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1.38155 |
1.38338 |
1.38520 |
1.38764 |
1.39008 |
1.39190 |
1.39373 |
Potential Profit or Potential Loss Calculations:
|
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $72.02 |
(+/-) €61.8 |
(+/-) £53.93 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.16550
***GBP/USD = 1.33550
Calculations for exchange rate used as of Friday, December 5, 2025, 14:25 GMT