Today
-0.36%
5 Days
-0.66%
1 Month
-2.01%
6 Months
+2.77%
Year to Date
+1.71%
1 Year
-0.70%
Opening Price
1.401Previous Closing Price
1.401
Under pressure below 1.4014, with 1.3938 and 1.3924 as targets
above 1.4014, look for 1.4037 and 1.4050.
Under pressure below 1.4014, with 1.3938 and 1.3924 as targets
The USD/CAD pair comes under renewed selling pressure on Wednesday, reversing modest weekly gains registered over the past two days amid a broad-based US Dollar (USD) weakness.
USD/CAD depreciates after two days of gains, trading around 1.3970 during Asian hours on Wednesday. The USD/CAD pair is losing ground as the US Dollar (USD) weakens and Treasury yields fall across the curve.
Canadian Prime Minister Mark Carney said on Tuesday that trade discussions with the United States (US) will become more intensive. Carney added that progress made but US trade talks are not yet complete as key issues remain.
USD/CAD regains ground on Tuesday as the Canadian Dollar (CAD) surrenders earlier gains amid a firmer US Dollar (USD) and swings in Oil prices. Traders also assess hawkish remarks from Bank of Canada (BoC) Governor Tiff Macklem.
On Tuesday, Bank of Canada (BoC) Governor Tiff Macklem appeared before the House of Commons Standing Committee on Finance and said that “further rate hikes may be needed” because the war in the Middle East is keeping energy prices “higher for longer.”
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.