1.377USD
Today
+0.21%
5 Days
+0.57%
1 Month
+0.64%
6 Months
-1.98%
Year to Date
+0.35%
1 Year
-1.28%
Opening Price
1.374Previous Closing Price
1.374The 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.
Long positions above 1.3735 with targets at 1.3770 & 1.3785 in extension.
below 1.3735 look for further downside with 1.3720 & 1.3705 as targets.
long positions above 1.3735 with targets at 1.3770 & 1.3785 in extension.
The USD/CAD pair attracts some dip-buyers on Wednesday and climbs to the 1.3765-1.3770 region during the first half of the European session, back closer to its highest level since April 14, touched the previous day.
Commerzbank’s Michael Pfister notes that Canadian inflation surprised to downside on core measures, staying near 2%, helped by Canada’s status as a net energy exporter and a weak labour market. He questions market expectations for two Bank of Canada (BoC) hikes by year-end.
USD/CAD remains stronger for the second successive day, trading around 1.3760 during the Asian hours on Wednesday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) faces challenges due to a slight decline in oil prices.
The USD/CAD pair attracts some dip-buyers during the Asian session on Wednesday, stalling the previous day's late pullback from the 1.3775 region or the highest since mid-April. Spot prices currently trade just above mid-1.3700s and continue to draw support from a bullish US Dollar (USD).
TD Securities’ FX strategists Howard Du and Linda Cheng note that soft April Canada inflation and weak employment data should keep USD/CAD supported near 1.37 in Q2 2026.
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) keeps a defensive tone as USD/CAD grinds higher despite firm domestic yields and crude. Their fair value estimate has slipped back toward 1.35, highlighting renewed overvaluation in the pair.
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