1.384
Today
+0.09%
5 Days
+0.37%
1 Month
-0.68%
6 Months
+1.95%
Year to Date
+0.87%
1 Year
-0.14%
Opening Price
1.382Previous Closing Price
1.383
The upside prevails as long as 1.3771 is support, with 1.3853 and 1.3869 as targets
below 1.3771, expect 1.3744 and 1.3728.
The upside prevails as long as 1.3771 is support, with 1.3853 and 1.3869 as targets
USD/CAD extended its gains for the third consecutive day, trading around 1.3840 during the Asian hours on Friday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) struggles due to lower oil prices.
USD/CAD holds modest gains on Thursday as the US Dollar (USD) loses momentum after staging a modest recovery, despite US Producer Price Index (PPI) data showing that producer inflation picked up again in August.
Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD is holding a tight sideways range near 1.38 with no domestic data, leaving the Canadian Dollar (CAD) driven by external factors and technicals.
Royal Bank of Canada (RBC) economist Nathan Janzen assesses that new U.S. tariff retaliation and import bans on selected Canadian products represent a modest escalation in the trade dispute.
USD/CAD trades around 1.3820 on Thursday at the time of writing, up 0.11% on the day. The pair edges higher as investors await the release of the United States (US) Producer Price Index (PPI) data for August, scheduled for 12:30 GMT.
The Canadian Dollar (CAD) trades sideways at around 1.3810 against the US Dollar (USD) during the European trading session on Thursday. The Loonie pair consolidates as investors await the United States (US) Producer Price Index (PPI) data for August, which will be published at 12:30 GMT.
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.
