1.416
Today
-0.13%
5 Days
-0.41%
1 Month
+1.80%
6 Months
+3.10%
Year to Date
+3.21%
1 Year
+0.90%
Opening Price
1.419Previous Closing Price
1.418
The downside prevails as long as 1.4197 is resistance, with 1.4147 and 1.4133 as targets
above 1.4197, look for 1.4221 and 1.4236.
The downside prevails as long as 1.4197 is resistance, with 1.4147 and 1.4133 as targets
The USD/CAD pair remains under some selling pressure for the second straight day on Friday, trading around the 1.4175-1.4170 region during the Asian session and close to an over two-week low set the previous day.
Bank of Canada (BoC) Governor Tiff Macklem spoke during a panel discussion at the annual meetings of the IMF and World Bank in Bangkok. Macklem said that Canada has not hikes interest rates yet but the longer elevated energy prices go, the harder that gets, Reuters reported on Friday.
USD/CAD loses nearly 0.30% on Thursday as falling US Treasury yields weigh on the US Dollar (USD). Concerns over debt-funded AI investments drive investors away from equities and into government bonds.
The Canadian Dollar (CAD) has shown a sharp recovery against the US Dollar (USD) over the last few sessions, with the USD losing momentum, weighed by lower US Treasury yields and dovish comments by Federal Reserve (Fed) officials.
USD/CAD depreciates after posting modest gains the previous day, trading around 1.4210 during Asian hours on Thursday. The technical analysis of the daily chart indicates that the price is remaining within the ascending channel pattern, suggesting an ongoing bullish bias.
USD/CAD depreciates after registering gains in the previous day, trading around 1.4200 during Asian hours on Thursday.
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.
