1.404
Today
-0.45%
5 Days
-1.64%
1 Month
+0.46%
6 Months
+2.65%
Year to Date
+2.34%
1 Year
+0.21%
Opening Price
1.409Previous Closing Price
1.411
The downside prevails as long as 1.4080 is resistance, with 1.4032 and 1.4019 as targets
above 1.4080, look for 1.4101 and 1.4114.
The downside prevails as long as 1.4080 is resistance, with 1.4032 and 1.4019 as targets
Standard Chartered economist Dan Pan expects the Bank of Canada (BoC) to keep its policy rate at 2.25% through end-2026 and 2027, despite market pricing for a much steeper tightening cycle.
MUFG's Lee Hardman notes that the Canadian Dollar (CAD) is rebounding against the US Dollar, with USD/CAD falling to 1.4071 as markets increasingly price in a BoC rate hike.
The Canadian Dollar (CAD) extends gains for the fourth consecutive day on Tuesday as Oil prices rally to their highest level since May and the US Dollar (USD) struggles amid dwindling hopes of immediate Federal Reserve (Fed) rate hikes.
Claire Fan at Royal Bank of Canada (RBC) reports that Canadian business sentiment improved until August 21 but weakened markedly after Canada-U.S. trade talks broke down.
The USD/CAD pair trades in negative territory around 1.4080 during the early European trading hours on Tuesday. The Canadian Dollar (CAD) attracts some buyers against the US Dollar (USD) as crude oil prices elevated.
USD/CAD extends its losses for the fourth successive day, trading around 1.4090 during Asian hours on Tuesday. The pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from an upside in oil prices.
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.
