USD/CAD 15-Minute Time Frame (15TF) Technical & Fundamental Anal

USD/CAD 15-Minute Time Frame (15TF) Technical & Fundamental Analysis

Last week, we highlighted potential bullish momentum building in USD/CAD. That narrative continues to develop, supported by the latest economic data.

The U.S. Core PCE Price Index came in at 0.2%, slightly higher than the previous 0.1%, indicating persistent inflationary pressure that could keep the USD supported. On the other hand, Canada’s GDP contracted by -0.1%, a significant drop from the previous 0.2% growth, weighing on the CAD.

Technical Outlook:

Following the price rejection near 1.37500, USD/CAD entered an accumulation phase around 1.3680–1.3690, signaling smart money building long positions.

After accumulating buy orders and sweeping liquidity below the key level at 1.36750, price has broken above a minor resistance zone, indicating bullish intent. A visible manipulation pattern within a liquidity pocket further supports this move.

We now anticipate a continuation higher from a key re-entry zone around recent breakout structure.

📊 Trade Setup
📍 Area of Interest (AOI): 1.36770 (Buy Limit Order)
🛡 Stop-Loss: 1.36570 (Below liquidity zone)
🎯 Take Profit: 1.37280 (Next key resistance / ~1:2.5 RR)

This trade aligns with institutional behavior — accumulation, liquidity grab, and break of structure — suggesting a bullish continuation as long as price respects the recent breakout zone.

📌 Disclaimer:
This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.