1.414
Today
+0.06%
5 Days
+1.10%
1 Month
+2.73%
6 Months
+3.02%
Year to Date
+3.03%
1 Year
+2.21%
Opening Price
1.413Previous Closing Price
1.413
The upside prevails as long as 1.4116 is support, with 1.4182 and 1.4198 as targets
below 1.4116, expect 1.4089 and 1.4072.
The upside prevails as long as 1.4116 is support, with 1.4182 and 1.4198 as targets
USD/CAD extends its advance on Thursday, climbing to its highest level since mid-July. The pair has posted only one daily decline over the past 12 trading days, reflecting the diverging monetary policy outlooks of the Federal Reserve (Fed) and the Bank of Canada (BoC).
Royal Bank of Canada economist Rachel Battaglia explains that Statistics Canada’s upward revision to population data has erased earlier signs of negative growth and now shows Canada’s population rising 0.5% year-over-year in Q2.
The Canadian Dollar (CAD) extends losses for the fourth consecutive day against the US Dollar (USD) on Thursday, as surging US Treasury yields and rising bets of Federal Reserve (Fed) rate hikes are propelling the Greenback across the board.
The USD/CAD pair trades in positive territory around 1.4100 during the early European trading hours on Thursday.
USD/CAD steadies after three days of gains, trading around 1.4100 during Asian hours on Thursday. The USD/CAD pair has moved little as the commodity-linked Canadian Dollar (CAD) maintains its position amid cautious sentiment surrounding oil prices.
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Canadian Dollar (CAD) is marginally weaker versus the US Dollar (USD), with USD/CAD at its highest since late July. They stress wide yield spreads and typical negative Q4 seasonality as key headwinds for CAD.
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.
