Today
+0.29%
5 Days
-0.41%
1 Month
-0.66%
6 Months
+2.85%
Year to Date
+2.38%
1 Year
+0.45%
Opening Price
1.401Previous Closing Price
1.401
In spite of the current rebound, our pivot threshold at 1.4039 has not been hit and our target remains 1.3975
above 1.4039, look for 1.4063 and 1.4076.
In spite of the current rebound, our pivot threshold at 1.4039 has not been hit and our target remains 1.3975
Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD trading flat with the Canadian Dollar (CAD) underperforming other commodity currencies but gaining versus major peers.
National Bank of Canada (NBC) economists Taylor Schleich and Ethan Currie argue that economic slack and contained core inflation have allowed the Bank of Canada to be patient, but sustained high Oil prices and a firmer growth backdrop now point to a rate hike.
The USD/CAD pair attracts some dip-buyers near the 1.4000 psychological mark on Tuesday, reversing a part of the previous day's modest losses amid a broadly firmer US Dollar (USD).
National Bank of Canada (NBC) strategist Kyle Dahms analyzes recent Canadian Dollar (CAD) volatility, noting modestly positive correlation with WTI but stronger links to Gold and two-year yield spreads.
USD/CAD gains ground for the second successive day, trading around 1.4020 during Asian hours on Tuesday.
Canadian Prime Minister Mark Carney said on Monday that the country has not changed its position in trade talks with the United States (US). Carney added that any progress made is because Washington moved closer to Canada’s position.
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.