1.421
Today
-0.06%
5 Days
-0.03%
1 Month
+3.14%
6 Months
+2.70%
Year to Date
+3.58%
1 Year
+1.89%
Opening Price
1.422Previous Closing Price
1.422
The downside prevails as long as 1.4261 is resistance, with 1.4196 and 1.4181 as targets
above 1.4261, look for 1.4285 and 1.4299.
The downside prevails as long as 1.4261 is resistance, with 1.4196 and 1.4181 as targets
USD/CAD extends its losses for the second successive day, trading around 1.4210 during Asian hours on Friday.
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that USD/CAD around 1.4269 shows signs of consolidation after a sharp Canadian Dollar (CAD) weakening since early September. Price action is closely tracking the 2-year US–Canada spread, with Oil offering some support to CAD.
The Canadian Dollar (CAD) posts marginal losses on Thursday with the safe-haven US Dollar (USD) favoured by the risk-averse mood, as tensions in the Middle East boost Crude prices and the global bond selloff extends.
The USD/CAD pair attracts some sellers during the first half of the European session on Thursday, though it lacks follow-through and currently trades around mid-1.4200s, nearly unchanged for the day.
USD/CAD remains stronger for the second successive day, trading around 1.4270 during Asian hours on Thursday. However, potential gains for the pair may be capped by strength in the commodity-linked Canadian Dollar (CAD), which could draw support from rising crude oil prices.
The USD/CAD pair retains its bullish undertone on Thursday, trading around the 1.4265 region during the Asian session, well within striking distance of the highest level since April 2025, touched earlier this week.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.