1.417
Today
+0.01%
5 Days
-0.09%
1 Month
+1.60%
6 Months
+1.82%
Year to Date
+3.23%
1 Year
+3.53%
Opening Price
1.416Previous Closing Price
1.416The 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.

Short positions below 1.4170 with targets at 1.4135 & 1.4115 in extension.
above 1.4170 look for further upside with 1.4190 & 1.4205 as targets.
short positions below 1.4170 with targets at 1.4135 & 1.4115 in extension.
ING’s Francesco Pesole highlights that Canada’s June jobs report is expected to show a sharp slowdown in hiring and a pickup in wage growth. He argues the bar for a hawkish shift by the Bank of Canada (BoC) remains high, with benign inflation and USMCA-related risks limiting hike prospects.

The USD/CAD pair stages a modest intraday recovery from the 1.4135 area, or a three-week low touched this Friday, and climbs to the top end of its daily range during the early European session.

Markets are anticipating a fairly stable report when Statistics Canada releases its Labour Force Survey on Friday. While the Net Change in Employment is predicted to rise by 10K in June, adding to the 87.8K gain in May, the Unemployment Rate is forecast to stay at 6.6%.

The USD/CAD pair loses momentum to near 1.4145 during the early European session on Friday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) on receding expectations of a rate increase from the US Federal Reserve (Fed).

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is flat on Thursday but modestly firmer versus the US Dollar (USD) this week, making it a mild outperformer.

USD/CAD trades around 1.4170 on Thursday at the time of writing, virtually unchanged on the day, as weakness in the US Dollar (USD) offsets the negative impact of lower Oil prices on the Canadian Dollar (CAD).

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