Today
+0.14%
5 Days
-0.07%
1 Month
-1.63%
6 Months
+2.99%
Year to Date
+1.92%
1 Year
-0.11%
Opening Price
1.396Previous Closing Price
1.397
The downside prevails as long as 1.4013 is resistance, with 1.3944 and 1.3931 as targets
above 1.4013, look for 1.4036 and 1.4050.
The downside prevails as long as 1.4013 is resistance, with 1.3944 and 1.3931 as targets
USD/CAD trades in a choppy range on Monday as a softer US Dollar (USD) and falling Oil prices pull the pair in opposite directions. At the time of writing, the pair trades around 1.3975 after touching 1.3941 on Friday, its lowest level since September 16.
The USD/CAD pair struggles to capitalize on a modest intraday uptick and trades around the 1.3965 area during the early European session amid a combination of diverging forces.
USD/CAD gains ground after opening at a bearish gap, remaining in negative territory and trading around 1.3970 during Asian hours on Monday.
USD/CAD trades on the back foot on Friday, even as the US Dollar (USD) recovers from earlier weakness. Rising Oil prices support the commodity-linked Canadian Dollar (CAD), outweighing softer-than-expected domestic growth data.
The US Dollar (USD) heads lower for the third consecutive day against the Canadian Dollar (CAD) on Friday, as risk aversion pushes US Treasury yields lower, while high Oil prices boost the commodity-sensitive Canadian Dollar.
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.