1.386
Today
+0.11%
5 Days
-0.07%
1 Month
-1.66%
6 Months
+1.17%
Year to Date
+0.98%
1 Year
+0.32%
Opening Price
1.383Previous Closing Price
1.384Michael Pfister at Commerzbank assesses the potential impact of higher US auto tariffs on Canada and the Canadian Dollar.
The USD/CAD pair is seen building on its recovery move from the 1.3730 region, or a three-month low touched last week, and gaining positive traction for the second straight day on Tuesday.
The USD/CAD pair sticks to a positive bias for the second straight day and trades around mid-1.3800s during the Asian session on Tuesday.
Brown Brothers Harriman’s (BBH) Elias Haddad expects Canada’s Q2 Real GDP to rebound strongly, outpacing the Bank of Canada’s (BoC) projection, with domestic demand and exports driving gains.
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) is the main G10 underperformer after US/Canada trade talks collapsed. Ottawa’s pledge to respond to tariffs and provide domestic aid raises uncertainty for Canadian businesses.
USD/CAD extends its advance on Monday, trading around 1.3830 at the time of writing, up 0.52% on the day.
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.

The upside prevails as long as 1.3840 is support, with 1.3889 and 1.3903 as targets
below 1.3840, expect 1.3817 and 1.3803.
The upside prevails as long as 1.3840 is support, with 1.3889 and 1.3903 as targets
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