1.422
Today
-0.12%
5 Days
+0.08%
1 Month
+2.52%
6 Months
+3.10%
Year to Date
+3.60%
1 Year
+1.32%
Opening Price
1.423Previous Closing Price
1.423
The downside prevails as long as 1.4251 is resistance, with 1.4196 and 1.4182 as targets
above 1.4251, look for 1.4275 and 1.4289.
The downside prevails as long as 1.4251 is resistance, with 1.4196 and 1.4182 as targets
USD/CAD climbs on Wednesday, reversing all of the previous day’s losses as the US Dollar (USD) rallies to a fresh year-to-date high following stronger-than-expected US inflation data. At the time of writing, USD/CAD trades around 1.4287, up 0.50% on the day near 18-month highs.
The Canadian Dollar (CAD) appreciates for the second consecutive day on Wednesday, with Oil prices near monthly highs and the US Dollar (USD) on its back foot following some dovish Fed speak.
USD/CAD loses ground for the second successive day, trading around 1.4200 during Asian hours on Wednesday. The technical analysis of the daily chart indicates that the price is remaining within the ascending channel pattern, suggesting an ongoing bullish bias.
The Canadian Dollar (CAD) trades slightly higher against the US Dollar (USD) on Wednesday ahead of the United States (US) Consumer Price Index (CPI) data at 12:30 GMT. In the Asian trade, the USD/CAD pair is marginally down to near 1.4200, as the US Dollar extends its decline.
USD/CAD falls around 0.45% on Tuesday as US Dollar (USD) bulls take a breather ahead of Wednesday’s US inflation report.
• USDCAD declined due to broad U.S. dollar pullback and profit-taking near resistance. • Elevated crude oil prices provided fundamental support for the Canadian dollar. • Technical indicators show neutral MACD and RSI values alongside a buy Williams %R.
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.