Today
+0.39%
5 Days
+0.56%
1 Month
-1.35%
6 Months
+3.30%
Year to Date
+2.50%
1 Year
-0.29%
Opening Price
1.401Previous Closing Price
1.401
The upside prevails as long as 1.4051 is support, with 1.4108 and 1.4122 as targets
below 1.4051, expect 1.4028 and 1.4014.
The upside prevails as long as 1.4051 is support, with 1.4108 and 1.4122 as targets
Statistics Canada will release its October Labour Force Survey on Friday at 13:30 GMT, with markets anticipating a modest recovery in employment following September's sharp decline. The Unemployment Rate will also be closely watched, as the latest figures could influence the Canadian Dollar (CAD).
The Canadian Dollar (CAD) faces a significant selling pressure against the US Dollar (USD) on Friday. In the European trade, the USD/CAD pair is up 0.45% higher to near 1.4073.
The USD/CAD pair gains momentum to around 1.4050 during the early European trading hours on Friday. The US dollar (USD) edges higher against the Canadian Dollar (CAD) on safe-haven demand after the US equity sell-off.
USD/CAD moves little after registering modest gains in the previous day, hovering around 1.4010 during Asian hours on Friday. The pair may lose ground as the commodity-linked Canadian Dollar (CAD) gains support from higher oil prices.
Bank of Canada (BoC) Governor Tiff Macklem appeared in the House of Commons, saying there may be a need to raise rates further.
The USD/CAD pair remains under some selling pressure for the second straight day and trades around mid-1.3900s during the early European session on Thursday, close to its lowest level since September 16, set the previous day.
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.