1.421
Today
-0.17%
5 Days
-0.30%
1 Month
+2.24%
6 Months
+3.25%
Year to Date
+3.55%
1 Year
+1.21%
Opening Price
1.423Previous Closing Price
1.423
Rebound above 1.4176 towards 1.4253
below 1.4176, expect 1.4152 and 1.4137.
Rebound above 1.4176 towards 1.4253
The Canadian Dollar (CAD) has shown a sharp recovery against the US Dollar (USD) over the last few sessions, with the USD losing momentum, weighed by lower US Treasury yields and dovish comments by Federal Reserve (Fed) officials.
USD/CAD depreciates after posting modest gains the previous day, trading around 1.4210 during Asian hours on Thursday. The technical analysis of the daily chart indicates that the price is remaining within the ascending channel pattern, suggesting an ongoing bullish bias.
USD/CAD depreciates after registering gains in the previous day, trading around 1.4200 during Asian hours on Thursday.
USD/CAD climbs on Wednesday, reversing all of the previous day’s losses as the US Dollar (USD) rallies to a fresh year-to-date high following stronger-than-expected US inflation data. At the time of writing, USD/CAD trades around 1.4287, up 0.50% on the day near 18-month highs.
The Canadian Dollar (CAD) appreciates for the second consecutive day on Wednesday, with Oil prices near monthly highs and the US Dollar (USD) on its back foot following some dovish Fed speak.
USD/CAD loses ground for the second successive day, trading around 1.4200 during Asian hours on Wednesday. The technical analysis of the daily chart indicates that the price is remaining within the ascending channel pattern, suggesting an ongoing bullish bias.
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.