tradingkey.logo
tradingkey.logo
Search

USD/CAD

USDCAD
Add to Watchlist

1.386

-0.003-0.23%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

-0.27%

5 Days

+0.16%

1 Month

-1.16%

6 Months

+1.57%

Year to Date

+0.97%

1 Year

+0.78%

Key Data Points

Opening Price

1.389

Previous Closing Price

1.389
Price Range of the Day
1.3861.394
52-Week Price Range
1.3481.425

Recent

Analysis

Canadian Dollar gains after Bank of Canada keeps rates unchanged

USD/CAD falls to around 1.3875 on Wednesday, down 0.15% on the day, following the Bank of Canada’s (BoC) monetary policy decision. The Canadian Dollar (CAD) strengthens against the US Dollar (USD) after the central bank leaves its policy rate unchanged at 2.25%, in line with market expectations.

Fxstreet28 minutes ago

Canadian Dollar: Weak fundamentals cap gains against US Dollar - BNY

BNY’s Geoff Yu notes that Canadian Dollar (CAD) positioning remains weak ahead of the Bank of Canada (BoC) decision, with USD/CAD dominating flows and cross-currency activity surprisingly limited.

Fxstreet2 hours ago

Canadian Dollar: US tensions overshadow BoC stance – Commerzbank

Commerzbank’s Michael Pfister expects the Bank of Canada to hold its key rate at 2.25%, a move he says is fully priced with only a small chance of a hike.

Fxstreet3 hours ago

1.3990: Why the Canadian Dollar is sliding toward the resistance zone that could decide the next move

USD/CAD has staged a rebound from recent lows near 1.3730 as markets digest a steady policy stance from the Bank of Canada (BoC) amid renewed United States (US)-Canada trade friction.

Fxstreet4 hours ago

Canadian Dollar: Scope to strengthen against US Dollar - Societe Generale

Societe Generale strategists see 1.3990/1.4030 as a key short-term resistance zone for USD/CAD following its rebound from 1.3730. They argue that a failure to break above this area could keep the broader decline intact, with 1.3840 as initial support.

Fxstreet5 hours ago

BoC set to keep interest rates steady despite sticky inflation

The Bank of Canada (BoC) is widely expected to keep its policy rate unchanged at 2.25% on Wednesday. This would be the seventh consecutive gathering with the central bank sitting on the fence.

Fxstreet5 hours ago

Indicators

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.

1m
5m
15m
30m
1h
2h
4h
D
W
M
1m
5m
15m
D
Sell
Sell(6)
Neutral(4)
Buy(3)
Indicators
Sell(2)
Neutral(4)
Buy(1)
Indicators
Value
Direction
MACD(12,26,9)
0.002
Neutral
RSI(14)
44.081
Neutral
STOCH(KDJ)(9,3,3)
72.093
Neutral
ATR(14)
0.006
Low Volatility
CCI(14)
74.134
Neutral
Williams %R
37.007
Buy
TRIX(12,20)
-0.057
Sell
StochRSI(14)
51.955
Sell
Moving Average
Sell(4)
Neutral(0)
Buy(2)
Indicators
Value
Direction
MA5
1.387
Sell
MA10
1.385
Buy
MA20
1.388
Sell
MA50
1.402
Sell
MA100
1.392
Sell
MA200
1.384
Buy

USD/CAD Trading Strategy

Intraday
Medium Term
Short Term
The configuration is positive.

Trading Strategy

The configuration is positive.

Alternative scenario

below 1.3911, expect 1.3886 and 1.3871.

Comment

The upside prevails as long as 1.3911 is support, with 1.3970 and 1.3985 as targets

3 hours ago
Source: Trading Central(Reference Only)

More Details of USD/CAD

USD/CAD represents the exchange rate between the U.S. dollar (USD) and the Canadian dollar (CAD). It is one of the most traded currency pairs in the foreign exchange market, reflecting the economic relationship between the United States and Canada. Factors such as interest rates, economic data releases, and geopolitical events can influence this currency pair. Traders and investors closely monitor USD/CAD for opportunities in forex trading, as it often exhibits liquidity and volatility.

What is the best time to trade USD/CAD?

The best times are typically when both U.S. and Canadian markets are open, often during the overlap of trading hours.

How does oil price affect USD/CAD?

Since Canada is a major oil exporter, rising oil prices generally strengthen the CAD against the USD.

Why is USD/CAD important?

It reflects the economic relationship between the U.S. and Canada, influencing trade, investment, and economic policies.

USD/CAD

1.386
-0.003-0.23%
tradingkey.logo
Risk Warning: Our Website and Mobile App provides only general information on certain investment products. Finsights does not provide, and the provision of such information must not be construed as Finsights providing, financial advice or recommendation for any investment product.
Investment products are subject to significant investment risks, including the possible loss of the principal amount invested and may not be suitable for everyone. Past performance of investment products is not indicative of their future performance.
Finsights may allow third party advertisers or affiliates to place or deliver advertisements on our Website or Mobile App or any part thereof and may be compensated by them based on your interaction with the advertisements.
© Copyright: FINSIGHTS MEDIA PTE. LTD. All Rights Reserved.