1.407
Today
+0.07%
5 Days
+1.19%
1 Month
+2.19%
6 Months
+2.51%
Year to Date
+2.50%
1 Year
+2.13%
Opening Price
1.406Previous Closing Price
1.406
The upside prevails as long as 1.4018 is support, with 1.4081 and 1.4097 as targets
below 1.4018, expect 1.3991 and 1.3975.
The upside prevails as long as 1.4018 is support, with 1.4081 and 1.4097 as targets
USD/CAD gains 0.27% on Tuesday and trades around 1.4070 at the time of writing, supported by weakness in the Canadian Dollar (CAD).
National Bank of Canada's Ethan Currie notes that while oil-driven inflation risks have increased, the Bank of Canada is likely to remain on hold in October as domestic slack and trade uncertainty continue to weigh on the economic outlook.
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) is largely unchanged, with Governor Macklem’s comments leaving the Bank of Canada (BoC) outlook broadly consistent with the latest policy statement.
National Bank of Canada's (NBC) Ethan Currie reassesses Oil pricing, highlighting persistent Middle East disruptions, depleted reserves and refined product shortages.
The Canadian Dollar (CAD) trades practically flat against the US Dollar (USD) on Tuesday as the risk appetite triggered by Tehran’s proposal to reopen the Strait of Hormuz has offset the decline in Crude prices.
The USD/CAD pair extends its consolidative price move through the early European session on Tuesday, trading below 1.4050, or the highest since August 6, amid mixed fundamental cues.
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.
