1.388
Today
-0.38%
5 Days
-0.97%
1 Month
-1.96%
6 Months
+1.92%
Year to Date
+1.10%
1 Year
+0.85%
Opening Price
1.393Previous Closing Price
1.393USD/CAD extends its decline farther below 1.4000 on Friday and heads for a third consecutive weekly loss. At the time of writing, the pair trades around 1.3877, at levels last seen in early July.
Scotiabank strategists Shaun Osborne and Eric Theoret highlight Canadian Dollar (CAD) strength as USD/CAD trades just below their fair value estimate around 1.3895, supported by tighter US–Canada 2-year spreads and firmer commodity FX.
The Canadian Dollar (CAD) is among the best performers on Friday, trading near a fresh two-month low against the US Dollar (USD) near the 1.3860s mark. The move coincides with a weak US Retail Sales report that pulled the Greenback lower across the board, but it preceded that data release.
TD Securities strategists forecast Canadian Manufacturing Sales to fall 0.4% month-on-month in June, weaker than the market’s -0.1% call, mainly due to lower petroleum prices.
The Canadian Dollar (CAD) outperforms a majority of its currency peers on Friday, with the USD/CAD pair trading 0.32% lower at around 1.3888. The Canadian currency gains on hopes of a United States (US)-Canada interim deal.
The USD/CAD pair extends the previous day's decline from the top end of the weekly range and attracts follow-through selling for the second straight 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 downside prevails as long as 1.3899 is resistance, with 1.3843 and 1.3830 as targets
above 1.3899, look for 1.3920 and 1.3932.
The downside prevails as long as 1.3899 is resistance, with 1.3843 and 1.3830 as targets
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