Today
+0.08%
5 Days
-0.62%
1 Month
-0.86%
6 Months
+2.64%
Year to Date
+2.18%
1 Year
+0.25%
Opening Price
1.401Previous Closing Price
1.401
In spite of the current rebound, our pivot threshold at 1.4039 has not been hit and our target remains 1.3975
above 1.4039, look for 1.4063 and 1.4076.
In spite of the current rebound, our pivot threshold at 1.4039 has not been hit and our target remains 1.3975
The USD/CAD pair attracts some dip-buyers near the 1.4000 psychological mark on Tuesday, reversing a part of the previous day's modest losses amid a broadly firmer US Dollar (USD).
National Bank of Canada (NBC) strategist Kyle Dahms analyzes recent Canadian Dollar (CAD) volatility, noting modestly positive correlation with WTI but stronger links to Gold and two-year yield spreads.
USD/CAD gains ground for the second successive day, trading around 1.4020 during Asian hours on Tuesday.
Canadian Prime Minister Mark Carney said on Monday that the country has not changed its position in trade talks with the United States (US). Carney added that any progress made is because Washington moved closer to Canada’s position.
USD/CAD rebounds on Monday, snapping a seven-day losing streak as traders reposition ahead of this week’s Federal Reserve (Fed) and Bank of Canada (BoC) monetary policy announcement.
Commerzbank’s Norman Liebke notes that the Canadian Dollar has underperformed G10 peers but sees support from rising Bank of Canada rate expectations and high Oil prices.
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.
