empty
 
 
11.07.2025 06:42 AM
USD/CAD Forecast for July 11, 2025

USD/CAD The Canadian dollar had been consolidating for three days before today's upward breakout during the Pacific session. The price has already pierced the balance line with its upper shadow. After a brief pause at the zero line, the signal line of the Marlin oscillator has begun to rise confidently.

This image is no longer relevant

It appears the price is heading toward the target level of 1.3860 the high from May 29. If this marks a trend reversal, even just a deep correction, then the nearest resistance levels from 1.3749 (May 6 low) to 1.3797 (June 23 high) are likely to be broken. A firm move above 1.3860 would open the path toward the next target at 1.4026, the April 3 low.

This image is no longer relevant

On the H4 chart, the price began moving upward after briefly and falsely dipping below the MACD line, and after the Marlin oscillator also made a false move into negative territory (gray rectangles). As of now, the price has consolidated above the MACD line. The uptrend is confirmed on both timeframes.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback