USDCAD was 0.25% in today’s session after a failure at resistance led to a near 100 pip drop yesterday. Today...
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
USDCAD rallied on strong U.S. inflation figures yesterday but the recent downward trend may still win out. The pair currently...
The USDCAD extended losses for the 3rd day in a row this Friday on USD weakness and stellar Canadian Employment...
The USDCAD resumed the downward move today, hitting the lowest level since September 21 after oil prices rose on the...
The USDCAD pair forms an ascending triangle ahead of the GDP release later today. Moreover, the bullish pattern might be...
USDCAD keeps a bullish bias while in a rising channel, eyeing a move to 1.37.
The USDCAD pair is one of the best performers this September. It rose from 1.30 to almost 1.35 after forming...
The USDCAD pair formed a classic reversal pattern at the 1.30 level – an inversed head and shoulders with a...
USDCAD fails at the neckline and still needs to confirm a bullish reversal pattern.
Bullish USDCAD scenario points to 1.34.