Today
+0.02%
5 Days
+0.00%
1 Month
-1.63%
6 Months
+3.17%
Year to Date
+2.10%
1 Year
+0.06%
Opening Price
1.401Previous Closing Price
1.401
The upside prevails as long as 1.3988 is support, with 1.4041 and 1.4055 as targets
below 1.3988, expect 1.3965 and 1.3952.
The upside prevails as long as 1.3988 is support, with 1.4041 and 1.4055 as targets
Canadian Prime Minister Mark Carney said on Tuesday that trade discussions with the United States (US) will become more intensive. Carney added that progress made but US trade talks are not yet complete as key issues remain.
USD/CAD regains ground on Tuesday as the Canadian Dollar (CAD) surrenders earlier gains amid a firmer US Dollar (USD) and swings in Oil prices. Traders also assess hawkish remarks from Bank of Canada (BoC) Governor Tiff Macklem.
On Tuesday, Bank of Canada (BoC) Governor Tiff Macklem appeared before the House of Commons Standing Committee on Finance and said that “further rate hikes may be needed” because the war in the Middle East is keeping energy prices “higher for longer.”
USD/CAD loses ground after registering modest gains the previous day, trading around 1.3970 during European hours on Tuesday.
The Canadian Dollar (CAD) is taking back some losses against the US Dollar (USD) on Tuesday, favoured by a moderate rebound in Crude prices, as the US resumed hostilities in Iran.
USD/CAD inches lower after posting modest gains in the previous day, trading around 1.3990 during Asian hours on Tuesday. The currency pair is experiencing downward pressure as the Canadian Dollar (CAD) receives support from a modest recovery in crude 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.