1.406
Today
-0.31%
5 Days
-1.50%
1 Month
+0.60%
6 Months
+2.79%
Year to Date
+2.49%
1 Year
+0.36%
Opening Price
1.409Previous Closing Price
1.411
The downside prevails as long as 1.4117 is resistance, with 1.4062 and 1.4049 as targets
above 1.4117, look for 1.4139 and 1.4152.
The downside prevails as long as 1.4117 is resistance, with 1.4062 and 1.4049 as targets
The USD/CAD pair trades in negative territory around 1.4080 during the early European trading hours on Tuesday. The Canadian Dollar (CAD) attracts some buyers against the US Dollar (USD) as crude oil prices elevated.
USD/CAD extends its losses for the fourth successive day, trading around 1.4090 during Asian hours on Tuesday. The pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from an upside in oil prices.
Canadian inflation came in under forecast, and USD/CAD rose off its lowest level since September 23 on the release, though it's still on track for a third straight loss. The low just above 1.4050 came in the bars before the numbers, and the price went back above 1.4100 in the release bar.
Royal Bank of Canada (RBC) economist Abbey Xu notes Canadian inflation edged up to 3.1% year-over-year in September, slightly below consensus. Core measures such as Consumer Price Index (CPI) excluding food and energy and the Bank of Canada’s (BoC) CPI-trim and CPI-median remain near 2%.
TD Securities strategists see limited scope for a sustained Canadian Dollar (CAD) rally after softer-than-expected September inflation data, despite hawkish signals from the Bank of Canada (BoC). They expect the next BoC rate hike in Q1 2027 and favour fading CAD strength through CAD/MXN.
USD/CAD pauses its decline on Monday after the Canadian Dollar (CAD) briefly strengthened to its highest level in a month at the weekly open.
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.
