1.401
Today
+0.23%
5 Days
+1.04%
1 Month
+1.64%
6 Months
+2.13%
Year to Date
+2.11%
1 Year
+1.75%
Opening Price
1.398Previous Closing Price
1.398
The upside prevails as long as 1.3995 is support, with 1.4056 and 1.4072 as targets
below 1.3995, expect 1.3968 and 1.3952.
The upside prevails as long as 1.3995 is support, with 1.4056 and 1.4072 as targets
The USD/CAD pair gathers strength to around 1.4020 during the early European trading hours on Monday. Falling crude oil prices weigh on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
The USD/CAD pair attracts some dip-buyers at the start of a new week, stalling Friday's modest pullback from levels beyond the 1.4000 psychological mark, or the highest since August 7. Moreover, the supportive fundamental backdrop backs the case for an extension of a nearly two-week-old uptrend.
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.
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.
