1.391
Today
+0.07%
5 Days
+0.71%
1 Month
+0.29%
6 Months
+1.44%
Year to Date
+1.35%
1 Year
+0.51%
Opening Price
1.390Previous Closing Price
1.390
The upside prevails as long as 1.3893 is support, with 1.3956 and 1.3972 as targets
below 1.3893, expect 1.3866 and 1.3850.
The upside prevails as long as 1.3893 is support, with 1.3956 and 1.3972 as targets
The USD/CAD pair holds steady near the 1.3900 mark during the Asian session on Tuesday, stalling the previous day's modest pullback from a nearly two-week top.
USD/CAD edges higher on Monday as Fed rate hike expectations lift the US Dollar (USD) to a nearly two-week high, while rising Oil prices provide little support to the commodity-linked Canadian Dollar (CAD).
USD/CAD edges higher for the fourth consecutive day as a stronger US Dollar (USD) outweighs support for the Canadian Dollar (CAD) from rising Oil prices. Traders show a muted reaction to the latest Canadian inflation figures.
US Dollar (USD) appreciates for the fourth consecutive day against the Canadian Dollar (CAD) on Monday, as rising bets of a Federal Reserve (Fed) rate hike on Wednesday offset the traditional positive impact of higher Oil prices on the Canadian Dollar.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that Canada’s August Consumer Price Index (CPI) will test the Bank of Canada’s (BoC) warning that upside inflation risks have increased. Headline CPI is expected to remain at 3.0% y/y, while core measures are seen hovering around 2%.
Canada’s August Consumer Price Index (CPI) figures will be the focus of attention when published on Monday.
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.
