1.401
Today
+0.13%
5 Days
-0.87%
1 Month
-0.91%
6 Months
+2.59%
Year to Date
+2.12%
1 Year
+0.19%
Opening Price
1.404Previous Closing Price
1.400
The downside prevails as long as 1.4025 is resistance, with 1.3978 and 1.3965 as targets
above 1.4025, look for 1.4047 and 1.4060.
The downside prevails as long as 1.4025 is resistance, with 1.3978 and 1.3965 as targets
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Bank of Canada (BoC) to begin a new tightening cycle with a 25bps hike to 2.50%, citing rising inflation risks.
The USD/CAD pair trades with mild gains near 1.4010 during the early European trading hours on Monday. A decline in crude oil prices weighs on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
USD/CAD depreciates after opening at a bullish gap, trading around 1.4000 during Asian hours on Monday.
Royal Bank of Canada economists Frances Donald and Nathan Janzen highlight the possibility of a 25 basis point Bank of Canada rate hike on Wednesday, while acknowledging that December or January remains an alternative.
USD/CAD slips below 1.4000 to its lowest level in a month on Friday, extending its losing streak to seven consecutive days as traders expect the Federal Reserve (Fed) and the Bank of Canada (BoC) to take different paths at next week’s meetings.
TD Securities’ FX team, led by Jayati Bharadwaj and Howard Du, argues that Canadian data still support patience from the Bank of Canada, keeping rate differentials in favour of the US Dollar.
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.
