1.385
Today
+0.01%
5 Days
+0.65%
1 Month
-1.11%
6 Months
+1.28%
Year to Date
+0.95%
1 Year
+0.86%
Opening Price
1.385Previous Closing Price
1.385USD/CAD falls 0.24% on Monday and trades around 1.3870 at the time of writing, after reaching its highest level in more than two weeks earlier. The pair comes under pressure from both a stronger Canadian Dollar (CAD), supported by rising Oil prices, and a modest pullback in the US Dollar (USD).
Scotiabank strategists Shaun Osborne and Eric Theoret observe that the Canadian Dollar (CAD) is little changed, with USD/CAD trading around their fundamental equilibrium estimate near 1.3920.
National Bank of Canada's (NBC) Taylor Schleich and Ethan Currie expect the Bank of Canada (BoC) to keep its overnight rate at 2.25% and maintain current balance sheet policy.
TD Securities’ macro team, including Andrew Kelvin and Jayati Bharadwaj, expects the Bank of Canada (BoC) to adopt a dovish tone and provide limited guidance as trade tensions with the US rise.
HSBC strategists highlight a bearish stance on the Canadian Dollar (CAD), noting that the breakdown in US–Canada trade talks has driven USD/CAD higher but is unlikely to be a persistent drag.
The USD/CAD pair pulls back from an over two-week high, around the 1.3910-1.3915 region, earlier this Monday, stalling the recent goodish recovery from a three-month low. Spot prices, however, lack follow-through selling and trade just below the 1.3900 mark during the early European session.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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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.
The downside prevails as long as 1.3888 is resistance, with 1.3832 and 1.3817 as targets
above 1.3888, look for 1.3913 and 1.3928.
The downside prevails as long as 1.3888 is resistance, with 1.3832 and 1.3817 as targets
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