The USDCAD has seen its strong upside push capped at the 1.42746 resistance as crude oil price on the WTI...
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 has been trading in a symmetrical triangle as of late. This means that the currency pair would soon be due for a breakout. Will the ongoing talks between Saudi Arabia and Russia on oil production cuts trigger a downside break?
USDCAD trades 0.35% higher at 1.4185 after the U.S. payrolls drop 701,000 in March, the first jobs decline since 2010. The figure came well below the expectations of -100K, but the worse is
USDCAD is trading lower in today's New York session on diverging outcomes of economic data from Canada and the US. Will it break out soon?
USDCAD recovers all of yesterday’s losses after Manufacturing production in Canada fell at the fastest pace for the last nine-and-a-half years in March.
USDCHF managed to rebound today snapping six days of gains, as USD attracts some bids today after the unlimited quantitative...
USDCAD turned sharply higher today snapping a four day advance, as the crude oil slumped to 17-year lows, while Fed’s unlimited QE support USD. The Bank of Canada
USDCAD is starting to stage a recovery from intraday lows of 1.39888, as easing crude oil prices helped weaken the...
USDCAD correction continues for the third day in a row boosted today by a dramatic increase in the jobless claims, which hit the highest number even above
We saw a classic case of buy-the-rumor-sell-the-news price action on USDCAD. Yesterday, the currency pair traded in favor of the...