Today
-0.14%
5 Days
-0.26%
1 Month
-1.55%
6 Months
+2.10%
Year to Date
+1.78%
1 Year
+0.19%
Opening Price
1.398Previous Closing Price
1.399
The downside prevails as long as 1.4013 is resistance, with 1.3944 and 1.3931 as targets
above 1.4013, look for 1.4036 and 1.4050.
The downside prevails as long as 1.4013 is resistance, with 1.3944 and 1.3931 as targets
USD/CAD trades on the back foot on Friday, even as the US Dollar (USD) recovers from earlier weakness. Rising Oil prices support the commodity-linked Canadian Dollar (CAD), outweighing softer-than-expected domestic growth data.
The US Dollar (USD) heads lower for the third consecutive day against the Canadian Dollar (CAD) on Friday, as risk aversion pushes US Treasury yields lower, while high Oil prices boost the commodity-sensitive Canadian Dollar.
The USD/CAD pair attracts sellers for the third straight day, sliding to a fresh low since September 16 during the Asian session on Friday amid a broadly weaker US Dollar (USD).
USD/CAD loses ground for the third consecutive day, trading around 1.3970 during Asian hours on Friday. The pair depreciates despite renewed Middle East diplomatic efforts easing pressure on oil markets, placing downward pressure on the commodity-linked Canadian Dollar (CAD).
Standard Chartered economist Dan Pan analyzes the Bank of Canada’s 25bps rate hike to 2.5%, which came despite subdued core inflation and soft growth. The bank now expects another 25bps increase in December, taking the year-end rate to 2.75%, and sees the BoC pausing in 2027, with scope for further hikes if growth momentum is confirmed.
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.
