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.
Live USDCAD Chart

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USDCAD Selling Pressure Accelerates Below The 50-Day SMA As Crude Oil Extends Gains

Forex

·May 19, 2020, 15:16 BST

USDCAD extends losses for the second day after yesterday’s sharp losses that breached the 50-day moving average. Canadian Loonie gets a hand from higher crude oil prices as the WTI crude oil price

USDCAD: Canadian dollar bounces back as crude oil price surges

Forex

·May 18, 2020, 14:42 BST

The USDCAD pair declined today as the market reacted to the surging crude oil price. The pair dropped to an intraday low of 1.4000 as the Canadian dollar continued to surge. The CAD also gained against other peers like the British pound and euro.

USDCAD Higher As Canada Extends Wage Subsidy Program

Forex

·May 15, 2020, 17:28 BST

The USDCAD is rising after Canada''s PM announces an extension of the CEWS program. Sign up to read more about the price outlook for the USDCAD.

USDCAD Seesaws Around The 50-Day MA

Forex

·May 12, 2020, 18:54 BST

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%

USDCAD in Bullish Start to the Week, Major Price Move Awaited

Forex

·May 11, 2020, 15:28 BST

The USDCAD is in a symmetrical triangle following today's 100-pip push. Which way could the pair go when the triangle gives way? Sign up to see the actionable analysis of the pair.

USDCAD Slumps On Higher Crude Oil Price And U.S. Jobless Claims Data

Forex

·May 07, 2020, 16:50 BST

USDCAD slumps after another dismal U.S. initial jobless claims. U.S. Initial Jobless Claims came in at 3169K, topping the forecasts of 3000K on May 1, the previous week reading was at 3.839K.

USDCAD jump as US braces for record NFP payrolls data

Commodities

·May 06, 2020, 14:28 BST

The USDCAD pair rose as the market reacted to the latest private sector job report by Automatic Data Processor (ADP)

USDCAD slides as US and Canadian trade deficits widen

Forex

·May 05, 2020, 13:59 BST

The USDCAD pair declined today as the market reacted to the trade data from the US and Canada. The pair...

USD/CAD: 3 reasons why the Canadian dollar is tumbling

Forex

·May 04, 2020, 08:57 BST

The USD/CAD rose by more than 30 basis points as traders reacted to the CoT report released on Friday, the falling crude oil prices, and the rising number of coronavirus cases.

USDCAD Seesaws After Weak Canadian GDP Data

Forex

·Apr 30, 2020, 16:40 BST

USDCAD is hovering around the unchanged level as investors receiving negative economic news from the USA and Canada. Canadian dollar...

USD/CAD: Canadian dollar off the rails as 3 catalysts push crude oil price higher

Forex

·Apr 30, 2020, 06:34 BST

The USD/CAD pair declined in overnight trading as the market reacted to positive crude oil-related news. The Canadian dollar also gained in reaction to the relatively dovish interest rates decision by the Federal Reserve.

Recession GDP Reading Push USDCAD To Two Week Lows

Forex

·Apr 29, 2020, 15:57 BST

USDCAD is under selling pressure for the third consecutive session making fresh two week lows. The contraction in U.S. GDP was worse than analysts estimates.

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