USDCAD News Forecast Today, Live Chart, Technical Analysis

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.
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USDCAD Approaches the 1.3186 Key Support Area

Forex

·Aug 17, 2020, 15:32 BST

USDCAD after a short break on Friday, today resumed the downtrend threatening for on more time a break below the 1.32 mark. After a slow start today the pressure to USD accelerated after a big miss in NY Empire State Manufacturing Index

USDCAD Breaks Below 1.33 On Strong Canada Housing Starts

Forex

·Aug 11, 2020, 15:27 BST

USDCAD resumes the downward trend after a short rebound the last trading sessions of the previous week. Canadian dollar helped by better than expected housing starts and the rally in crude oil prices

USDCAD Analysis Ahead of Canadian Employment Numbers

Forex

·Aug 07, 2020, 10:37 BST

The USDCAD pair is up for the second straight day as investors react to an overall strong US dollar and...

Lebanon Bomb Blast Triggers Crude Oil Spike; USDCAD Sharply Lower

Forex

·Aug 05, 2020, 14:43 BST

The USD card is sharply lower on the day after a spike in crude oil prices was triggered by the...

USDCAD Digest U.S. and Canada GDP Data

Forex

·Jul 31, 2020, 16:06 BST

USDCAD seesaws as traders assessing a plethora of economic data from both countries. The University of Michigan's (UoM) Consumers Survey showed that the Index of Consumer Sentiment dropped to 72.5

USDCAD Bounce from Monthly lows on Better U.S. Economic Data

Forex

·Jul 28, 2020, 18:03 BST

USDCAD gains some ground today after six straight days of losses after better than expected economic data from the USA earlier today. The Conference Board's Consumer Confidence Index dropped from 98.3 in June to 92.6

USDCAD Pare Losses After Weak US Initial Jobless Claims Data

Forex

·Jul 23, 2020, 15:52 BST

USDCAD continues lower for the fourth consecutive session but is off the daily lows as USD attracted some bids after worse than expected initial jobless claims from the USA.

USDCAD – How to Make the Most of Its Bearish Trend

Commodities Forex

·Jul 22, 2020, 12:48 BST

Double top formation on the weekly USDCAD chart started a bearish trend.

USDCAD At Five-Week Lows After Canadian Retail Sales

Forex

·Jul 21, 2020, 14:37 BST

USDCAD slumps to five-week lows on risk-on sentiment and after the release of the Canadian retail sales data. Canada Retail Sales came in at 18.7% below the forecasts of 20% in May.

USDCAD Rebounds From The Support at 200-Day SMA

Forex

·Jul 16, 2020, 14:41 BST

USDCAD rebound today as the risk returns to markets after a mixed set of economic data from the USA and China. The United States Philadelphia Fed Manufacturing Survey came in at 24.1, above the expectations of 20 in July.