1.419
Today
+0.11%
5 Days
+1.11%
1 Month
+2.08%
6 Months
+2.14%
Year to Date
+3.39%
1 Year
+1.78%
Opening Price
1.417Previous Closing Price
1.417
The upside prevails as long as 1.4157 is support, with 1.4215 and 1.4232 as targets
below 1.4157, expect 1.4130 and 1.4114.
The upside prevails as long as 1.4157 is support, with 1.4215 and 1.4232 as targets
USD/CAD remains on the front foot on Tuesday, supported by broad-based strength in the US Dollar (USD), while traders also digest the latest Canadian growth data. At the time of writing, the pair trades around 1.4187, hovering near levels last seen in early July.
Scotiabank’s analysts highlight a softer Canadian Dollar, trading defensively with G10 peers. Wider US–Canada yield spreads remain a headwind as Bank of Canada (BoC) expectations firm, with October priced for 14 bps and December for 37 bps of tightening.
The US Dollar (USD) is up 0.12% at around 1.4190 against the US Dollar (USD) during the European trading session on Tuesday.
The USD/CAD pair prolongs a three-week-old upward trajectory, rising to its highest level since July 9 and closer to the 1.4200 mark during the Asian session on Tuesday amid a bullish US Dollar (USD).
Rabobank’s FX Strategy team observes that CAD net shorts have risen again after a recent collapse. USD/CAD has continued to grind higher, gaining 2.77% from recent lows to 1.414, with the 14‑day RSI indicating overbought conditions.
USD/CAD extends its rally on Monday as diverging monetary policy outlooks between the Federal Reserve (Fed) and the Bank of Canada (BoC) keep the US Dollar (USD) favoured, outweighing support for the commodity-linked Canadian Dollar (CAD) from higher 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.
