USDCAD Rate: USDCAD stood at 1.42078 on the four-hour chart at 9:45 AM New York time, declining from yesterday’s 1.42392.
USDCAD Analysis for October 15, 2026
The latest chart revises yesterday’s count: the decline is now interpreted as wave iv, forming an expanding triangle with subdivisions (a)–(b)–(c)–(d)–(e).
Wave (e) appears near completion around 1.4190–1.4200, potentially preceding a bullish wave v.
- Wave Structure: Bullish impulse; wave iv correction.
- Trendline: Expanding triangle within an uptrend.
- Support: 1.4190–1.4200.
- Resistance: 1.4280–1.42938, then 1.4300.
A recovery above 1.4280 would support the anticipated advance toward 1.4300. A sustained decline below the triangle’s lower boundary would require reassessing wave iv.
USDCAD News: Lower US Treasury yields and dovish Federal Reserve comments supported the Canadian dollar. September US retail sales rose 0.8%, exceeding the 0.3% forecast; Canadian housing starts are scheduled for October 16.