1.388USD
Today
-0.14%
5 Days
+0.75%
1 Month
+1.93%
6 Months
-0.52%
Year to Date
+1.17%
1 Year
+1.53%
Opening Price
1.389Previous Closing Price
1.390The 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.

Long positions above 1.3880 with targets at 1.3925 & 1.3945 in extension.
below 1.3880 look for further downside with 1.3860 & 1.3840 as targets.
long positions above 1.3880 with targets at 1.3925 & 1.3945 in extension.
Francesco Pesole at ING flags that weak April Canadian labour data and a still-dovish jobs contribution to Bank of Canada policy contrast with a widening USD/CAD two-year swap spread and emerging USMCA risk premium.

The USD/CAD pair trades marginally lower at around 1.3900 during the European trading session on Friday. The Loonie pair is expected to trade with caution in the countdown to the United States (US)-Canada labor market data for May, which will be published at 12:30 GMT.

Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for quite a steady print. The Unemployment Rate is expected to remain at 6.9% in May, while the Net Change in Employment is forecast to increase by 10K, reversing April’s 17.7K drop.

USD/CAD depreciates after two days of gains, trading around 1.3900 during the Asian hours on Friday. The pair declines as the commodity-linked Canadian Dollar (CAD) gains support from rising oil prices.

The Canadian Dollar (CAD) recovers some ground against the US Dollar (USD) on Thursday, with USD/CAD reversing earlier gains as traders weigh a softer Greenback against lower Crude Oil prices.

TD Securities expects the Bank of Canada to stay data dependent despite USMCA uncertainty. The bank sees a high bar for trade risks to alter the current path, with the next BoC hike projected for Q1 2027 while the Fed shifts toward easing.

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