1.400
Today
-0.01%
5 Days
-1.64%
1 Month
-0.22%
6 Months
+2.51%
Year to Date
+2.03%
1 Year
-0.13%
Opening Price
1.401Previous Closing Price
1.400
The downside prevails as long as 1.4025 is resistance, with 1.3978 and 1.3965 as targets
above 1.4025, look for 1.4047 and 1.4060.
The downside prevails as long as 1.4025 is resistance, with 1.3978 and 1.3965 as targets
USD/CAD trims part of its earlier losses on Thursday as the US Dollar (USD) attempts a rebound after slipping to a fresh three-week low earlier in Asian trading hours.
USD/CAD continues its losing streak for the sixth successive day, trading around 1.4020 during European hours on Thursday. The pair is retaining a bearish near-term bias as it holds beneath both the 50- and nine-day Exponential Moving Averages (EMAs).
The USD/CAD pair weakens to around 1.4025 during the early European trading hours on Thursday. The pair hits the lowest since September 21 as elevated crude oil prices underpin the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
USD/CAD extends its losing streak for the sixth consecutive day, trading around 1.4040 during Asian hours on Thursday. The currency pair experienced downward pressure as the commodity-linked Canadian Dollar (CAD) gained strength from a rally in crude oil prices.
Societe Generale’s Kit Juckes discusses USD/CAD in light of revised IMF growth forecasts, highlighting weaker prospects for Canada versus the US. He notes the widening North American growth gap and the role of two-year rate differentials in guiding the Canadian Dollar. Historical ranges suggest USD/CAD is likely to stay broadly confined, with significant downside needing improved Canadian fundamentals.
USD/CAD continues its losing streak for the fifth successive day, trading around 1.4050 during European hours on Wednesday. The commodity-linked Canadian Dollar (CAD) is gaining strength, supported by rising crude oil prices.
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.
