Today
+0.48%
5 Days
+1.39%
1 Month
-0.44%
6 Months
+3.77%
Year to Date
+3.38%
1 Year
+1.06%
Opening Price
1.412Previous Closing Price
1.412
The upside prevails as long as 1.4179 is support, with 1.4240 and 1.4255 as targets
below 1.4179, expect 1.4153 and 1.4138.
The upside prevails as long as 1.4179 is support, with 1.4240 and 1.4255 as targets
USD/CAD climbs to its highest level since October 16 on Tuesday as stronger-than-expected US inflation lifts the US Dollar (USD), while falling Oil prices amid hopes for US-Iran diplomacy add further pressure on the Canadian Dollar (CAD).
TD Securities analysts see the Canadian Dollar (CAD) under pressure versus the Dollar, with USD/CAD expected to stay supported around 1.40.
USD/CAD extends its losses for the second successive day, trading around 1.4110 during European hours on Tuesday. The technical analysis of the daily chart shows that the pair price is remaining within the descending channel pattern, signalling an ongoing bearish bias.
The USD/CAD pair trades on a flat note near 1.4120 during the early European trading hours on Tuesday. Traders might prefer to wait on the sidelines ahead of the key US inflation data, which is due later in the day.
USD/CAD inches higher after posting minor losses the previous day, trading around 1.4120 during Asian hours on Tuesday. The pair gains support as commodity-linked Canadian Dollar (CAD) faces challenges amid lower oil prices.
USD/CAD attracts buyers during Monday’s American trading hours after spending much of the day in negative territory.
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.
