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USDCAD

In this section, you will find important USDCAD news, actionable trading ideas, and a live USDCAD chart to help you understand how the Canadian Dollar trades.

USDCAD also is known as Loonie amongst Forex traders, is the ticker symbol in FX markets that represents how many Canadian dollars you can buy with one US dollar. USDCAD is one of the major FX pairs with liquidity and narrow spreads. USDCAD is a commodity pair because the Canadian economy is a natural resources export economy. The other commodity pairs are AUDUSD and NZDUSD. Important role to the value of USDCAD plays the price of oil, due to large trading volumes of oil between the two countries. Other factors that affect the Loonie exchange rate are interest rates, unemployment, economic growth, and public deficit.
Live USDCAD Chart

Chart by TradingView

Forex

·Jul 31, 2019, 13:20 BST

Possible Trade Setups for USDCAD on Major News

At 12.30 UTC the Canadian Monthly GDP will be published. The market is expecting a contraction of the Canadian economy...

Forex

·Sep 29, 2020, 12:30 BST

USDCAD On Track to 1.37 Ahead of Important U.S. and Canadian Economic Data

USDCAD keeps a bullish bias while in a rising channel, eyeing a move to 1.37.

Forex

·Sep 17, 2019, 15:27 BST

Canadian Dollar Pressured, Crude Oil Falls After Saudi King’s Assurances

The Canadian Dollar is under pressure as the price of crude oil has fallen to intraday lows of $59.32. The...

Forex

·Feb 04, 2020, 12:56 GMT

USDCAD Stalls At Resistance As Oil Prices Stage Intraday Rebound

The USDCAD pair has hit a critical resistance level around 1.3300 and is struggling to find positive momentum as oil...

Forex

·Jun 25, 2019, 07:50 BST

USDCAD: Bearish Momentum Persists

USDCAD trades flat today at 1.3191 as traders continue to dump the US dollar after the dovish minutes from FED...

Forex

·Sep 10, 2019, 15:04 BST

USDCAD: Bulls Rejected at 1.3190

USDCAD trades 0.05% higher at 1.3175 in consolidation mood after the correction from 3-month highs. In Canada, the Housing Starts...

Forex

·Oct 22, 2019, 16:46 BST

BoC: Business Outlook Survey Indicates Improved Business Sentiment

The Bank of Canada’s Business Outlook Survey for Q3 2019 was released a short while ago. The report indicated that...

Forex

·May 12, 2020, 18:54 BST

USDCAD Seesaws Around The 50-Day MA

USDCAD returns to the unchanged level after a 100 pips daily trading range. The talk of the day was the U.S. Consumer Price Index (CPI) which came in at -0.8%