Today
-0.16%
5 Days
-0.52%
1 Month
-1.42%
6 Months
+2.13%
Year to Date
+1.80%
1 Year
+0.18%
Opening Price
1.399Previous Closing Price
1.399
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 attracts buyers during American trading hours on Thursday as traders digest the latest US economic data, which keeps hawkish Federal Reserve (Fed) expectations intact and supports the US Dollar (USD).
Norman Liebke at Commerzbank reports that the Bank of Canada raised rates to 2.5% and signalled a data-dependent approach. Inflation is projected above target until mid-2028, with growth risks centred on US tariffs but supported by energy investment.
Francesco Pesole at ING highlights that the Bank of Canada’s (BoC) 25bp hike to 2.50% is unlikely to be the last, with another move expected in early 2027 and risks of an earlier increase if energy prices stay high.
USD/CAD remains subdued for the second successive day, trading around 1.3990 during European hours on Thursday.
The USD/CAD pair loses ground to near 1.3975 during the early Asian trading hours on Thursday. The Canadian Dollar (CAD) strengthens against the US Dollar (USD) after the Bank of Canada (BoC) delivers a rate hike.
The Bank of Canada (BoC) raised its rate to 2.50% on Wednesday and the Fed held at 3.75%-4.00%, so the Fed's lead shrank by a quarter-point in one session.
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.
