1.387
Today
+0.01%
5 Days
-0.49%
1 Month
-1.04%
6 Months
+1.71%
Year to Date
+1.06%
1 Year
+0.36%
Opening Price
1.386Previous Closing Price
1.387Royal Bank of Canada (RBC) economists Abbey Xu and Nathan Janzen note that Canadian inflation rose to 3% year-over-year in July, mainly on higher energy costs, while underlying measures like CPI-trim and CPI-median stayed near the 2% target.
USD/CAD falls to its lowest level since June 3 on Monday as the US Dollar (USD) stays under pressure, while hotter-than-expected Canadian inflation data provide additional support to the Canadian Dollar (CAD). At the time of writing, the pair trades around 1.3852.
USD/CAD trades around 1.3860 on Monday at the time of writing, down 0.11% on the day. The pair extends its decline as the US Dollar (USD) remains under pressure against the Canadian Dollar (CAD), with investors scaling back expectations of further monetary tightening by the Federal Reserve (Fed).
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.
The configuration is positive.
below 1.3854, expect 1.3832 and 1.3820.
The upside prevails as long as 1.3854 is support, with 1.3900 and 1.3913 as targets
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