1.406
Today
+0.01%
5 Days
-0.42%
1 Month
-0.92%
6 Months
+3.12%
Year to Date
+2.47%
1 Year
+2.03%
Opening Price
1.406Previous Closing Price
1.406The 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 upside prevails as long as 1.4043 is support, with 1.4093 and 1.4103 as targets
below 1.4043, expect 1.4026 and 1.4016.
The upside prevails as long as 1.4043 is support, with 1.4093 and 1.4103 as targets
Scotiabank’s Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) has lagged other G10 currencies despite a softer US Dollar (USD) tone and improving Canadian data surprises versus the United States (US).
National Bank of Canada’s (NBC) Jocelyn Paquet reports Canada’s merchandise trade surplus in goods reached a four-year high of C$3.86 billion in June, beating expectations.
USD/CAD reverses its earlier losses on Tuesday as falling Oil prices weigh on the commodity-linked Canadian Dollar (CAD) following comments from US Treasury Secretary Scott Bessent on US-Iran talks.
TD Securities strategists expect Canada’s International Merchandise Trade surplus to narrow in June as weaker Oil prices weigh on energy exports. They forecast a surplus of $2.5bn versus the market’s $3.0bn and May’s $4.2bn.
The US Dollar (USD) stalls at the 1.4050 area against the Canadian Dollar (CAD) on Tuesday. The pair’s rebound from last week’s lows at the 1.3990 area failed to find follow-through above 1.4060, which leaves price action treading towards the peak of a descending triangle pattern.
The USD/CAD pair gains ground to near 1.4050 during the early European session on Tuesday. Traders continue to weigh the developments surrounding US-Iran talks. The US JOLTS Job Openings data is due later on Tuesday. On Friday, the US and Canadian July employment reports will be the highlights.
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