1.403
Today
-0.09%
5 Days
-1.43%
1 Month
-0.01%
6 Months
+2.73%
Year to Date
+2.25%
1 Year
+0.08%
Opening Price
1.404Previous Closing Price
1.404
The downside prevails as long as 1.4080 is resistance, with 1.4032 and 1.4019 as targets
above 1.4080, look for 1.4101 and 1.4114.
The downside prevails as long as 1.4080 is resistance, with 1.4032 and 1.4019 as targets
USD/CAD extends its losing streak for the sixth consecutive day, trading around 1.4040 during Asian hours on Thursday. The currency pair experienced downward pressure as the commodity-linked Canadian Dollar (CAD) gained strength from a rally in crude oil prices.
Societe Generale’s Kit Juckes discusses USD/CAD in light of revised IMF growth forecasts, highlighting weaker prospects for Canada versus the US. He notes the widening North American growth gap and the role of two-year rate differentials in guiding the Canadian Dollar. Historical ranges suggest USD/CAD is likely to stay broadly confined, with significant downside needing improved Canadian fundamentals.
USD/CAD continues its losing streak for the fifth successive day, trading around 1.4050 during European hours on Wednesday. The commodity-linked Canadian Dollar (CAD) is gaining strength, supported by rising crude oil prices.
The USD/CAD pair struggles to capitalize on the previous day's modest bounce from the 1.4030 area, or a nearly one-month low, as rising oil prices underpin the commodity-linked Loonie and cap the upside.
USD/CAD moves little after four days of losses, trading around 1.4060 during Asian hours on Wednesday. The currency pair maintains its stance as the US Dollar (USD) stays firm amid rising oil prices that have heightened inflation concerns and driven safe-haven demand.
Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD trading near 1.4054, with the Canadian Dollar (CAD) supported by Alberta’s strong rejection of separation and 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.
