USDCAD Currency Pair Analysis for August 26, 2026

26.08.2026

Market Review

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

August 26, 2026.

USDCAD

The trend is downward. The currency pair is trading in the range of the 365 and 135 EMAs. The Awesome Oscillator is showing a bearish divergence, and the Stochastic Oscillator is signaling overbought conditions. The ascending wave formation is truncated.

Trading idea:

Sell on the formation of a descending wave formation, where wave (A) breaks the sloping channel of the ascending truncated formation.

Stop Loss beyond the local high of the ascending truncated formation (1.3867).

Target levels: 1.3800; 1.3755.