1.399
Today
+0.03%
5 Days
+1.17%
1 Month
+0.90%
6 Months
+2.21%
Year to Date
+1.96%
1 Year
+1.60%
Opening Price
1.398Previous Closing Price
1.399
The upside prevails as long as 1.3948 is support, with 1.4026 and 1.4042 as targets
below 1.3948, expect 1.3921 and 1.3905.
The upside prevails as long as 1.3948 is support, with 1.4026 and 1.4042 as targets
USD/CAD edges higher on Friday, trading around 1.4000 at the time of writing, up 0.10% on the day. The US Dollar (USD) remains supported by expectations of further interest rate hikes from the Federal Reserve (Fed), while the rebound in US Treasury yields adds to the Greenback’s appeal.
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) remains under pressure near 1.40 against the Dollar, reflecting a firm USD tone and wider US–Canada front-end spreads.
The USD/CAD pair trades in positive territory around 1.3995 during the early European trading hours on Friday. The US Dollar (USD) extends its rally against the Canadian Dollar (CAD) on a hawkish tone from the US Federal Reserve (Fed).
The USD/CAD pair oscillates in a narrow band during the Asian session on Friday, trading below the 1.4000 psychological mark or the highest level since August 7, touched earlier this week.
USD/CAD trades around 1.3980 on Thursday at the time of writing, little changed on the day and hovering near the psychological 1.4000 level. The US Dollar (USD) remains supported by better-than-expected employment data, while the Canadian Dollar (CAD) continues to face pressure from weak Oil prices.
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that USD/CAD remains elevated near 1.40 after the FOMC, with the Canadian Dollar (CAD) underperforming peers as the Fed/BoC rate differential returns to 175bps.
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.
