USDCAD Technicals: Sellers come up short of target on the corrective move lower.

November 6, 2025
-FXnews

The USDCAD trended higher over the past six trading days, reaching a high of 1.41398 yesterday after rising from a low of 1.3887 six days ago. When a high forms after a strong trend, the burden of proof shifts to sellers—they must push below key technical levels to reclaim control. While some sellers from yesterday’s highs may still be holding modest gains, they have not yet established firm technical control, leaving them uneasy and buyers still in command.

The current pullback marks the largest corrective move since the start of the rally, but until those downside levels give way, it remains just that—a correction within a broader bullish trend

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