1.406
Today
+0.02%
5 Days
-1.08%
1 Month
+0.57%
6 Months
+3.08%
Year to Date
+2.46%
1 Year
+0.18%
Opening Price
1.405Previous Closing Price
1.406
The downside prevails as long as 1.4080 is resistance, with 1.4032 and 1.4019 as targets
above 1.4080, look for 1.4101 and 1.4114.
The downside prevails as long as 1.4080 is resistance, with 1.4032 and 1.4019 as targets
USD/CAD moves little after four days of losses, trading around 1.4060 during Asian hours on Wednesday. The currency pair maintains its stance as the US Dollar (USD) stays firm amid rising oil prices that have heightened inflation concerns and driven safe-haven demand.
Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD trading near 1.4054, with the Canadian Dollar (CAD) supported by Alberta’s strong rejection of separation and higher Oil prices.
USD/CAD extends its losing streak on Tuesday as the Canadian Dollar (CAD) draws support from a softer US Dollar (USD) and growing expectations of a Bank of Canada (BoC) interest rate hike. Meanwhile, traders assess conflicting headlines surrounding diplomatic efforts in the Middle East.
Commerzbank’s Norman Liebke reports that markets now see a sharply higher probability of a Bank of Canada rate hike on 28 October after Governor Macklem flagged stronger support from high Oil prices and likely upward revisions to inflation forecasts. Recent data show headline inflation above prior BoC projections, while surveys point to elevated price expectations despite limited evidence of broadening pressures.
The Canadian Dollar (CAD) has become the focus of debate over the Bank of Canada's (BoC) next policy move.
Elias Haddad at Brown Brothers Harriman reports USD/CAD is near a one-month low as markets firm expectations for a 25 bps Bank of Canada (BoC) rate hike to 2.50% on October 28, with swaps pricing a 78% probability.
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.
