Today
+0.06%
5 Days
+1.81%
1 Month
-0.10%
6 Months
+4.18%
Year to Date
+3.95%
1 Year
+1.86%
Opening Price
1.426Previous Closing Price
1.426
As long as 1.4216 is support, look for 1.4287
below 1.4216, expect 1.4190 and 1.4175.
As long as 1.4216 is support, look for 1.4287
USD/CAD pauses a three-day winning streak on Friday as a rebound in Oil prices helps the Canadian Dollar (CAD) outperform its major peers. The pair’s downside remains cushioned by a broadly stronger US Dollar (USD), supported by an increasingly hawkish Federal Reserve (Fed) outlook.
The USD/CAD pair is seen consolidating its strong gains registered over the past week or so, trading near a one-month top, around mid-1.4200s during the first half of the European session on Friday.
USD/CAD remains stronger for the fourth successive day, trading around 1.4260 during Asian hours on Friday. The technical analysis of a daily chart shows the pair is remaining within the rising wedge pattern that signals a bearish price breakdown and a potential shift to the downside.
USD/CAD moves little after two days of gains, trading around 1.4250 during Asian hours on Friday. However, the pair may appreciate as the US Dollar (USD) could receive support from persistent inflation concerns and expectations of higher interest rates.
USD/CAD is little changed on Thursday, holding near a one-month high. A broadly stronger US Dollar (USD) and diverging interest rate expectations for the Federal Reserve (Fed) and the Bank of Canada (BoC) keep the Canadian Dollar (CAD) on the back foot.
The Canadian Dollar (CAD) posts marginal gains on Thursday as the US Dollar (USD) retreats from recent highs against most peers in a quiet market session.
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.
