1.424
Today
+0.18%
5 Days
+0.80%
1 Month
+2.52%
6 Months
+2.68%
Year to Date
+3.79%
1 Year
+2.22%
Opening Price
1.422Previous Closing Price
1.422
The upside prevails as long as 1.4204 is support, with 1.4262 and 1.4278 as targets
below 1.4204, expect 1.4176 and 1.4160.
The upside prevails as long as 1.4204 is support, with 1.4262 and 1.4278 as targets
USD/CAD loses ground for the second successive day, trading around 1.4210 during Asian hours on Friday. The technical analysis of the daily chart indicates that the price is positioned slightly below the top trendline of an ascending channel, suggesting a persistent bullish bias.
USD/CAD rebounds after registering losses in the previous day, trading around 1.4230 during the Asian hours on Friday. The currency pair continues to gain ground as the US Dollar (USD) receives strong support.
USD/CAD trades around 1.4240 at the time of writing on Thursday, little changed on the day with a modest 0.07% gain.
The USD/CAD pair holds steady around the 1.4235 area during the Asian session on Thursday, consolidating its recent strong gains registered over the past four weeks or so.
USD/CAD declines 0.08% on Wednesday and trades around 1.4180 at the time of writing, after touching a daily low of 1.4155 in the wake of the US inflation data. The pair recovers part of its losses as investors reassess the timing of a potential further tightening by the Federal Reserve (Fed).
The USD/CAD pair trades with mild losses near 1.4190 during the early European trading hours on Wednesday. A rebound in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
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.
