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: Higher crude oil price to support Canadian dollar – ING

Forex

·Jun 26, 2020, 11:58 BST

The USDCAD pair moved up slightly as investors remained concerned about the rising coronavirus cases in the United States. The pair is trading at 1.3650, which is higher than this week’s low of 1.3485. At the same time, the US dollar index is down by 10 basis points.

USDCAD Higher After Better US Economic Data

Forex

·Jun 29, 2020, 16:07 BST

USDCAD trades higher for the fifth consecutive session as the pairs rebound from the 200-day moving average continues. Rising fears...

USDCAD Pare Losses After Better Than expected ISM Non-Manufacturing PMI

Forex

·Jul 06, 2020, 15:21 BST

USDCAD pare early losses and reverse three days of losses as the risk-on sentiment shift investors attention from the safe-haven...

USDCAD At Week Lows As Bears Testing the 200-Day SMA

Forex

·Jul 09, 2020, 14:52 BST

USDCAD extends yesterday's losses to two-week lows amid general USD weakness as investors ignore the rising number of new coronavirus cases and focus on more risky assets while dumping USD which acted as a safe-haven asset during the pandemic.

Canadian Jobs Report Was Good, Yet USDCAD Only Dipped Mildly: Why?

Forex

·Jul 10, 2020, 14:45 BST

USDCAD fails to show major response to upbeat Canadian jobs data. Sign up to find out why.

5 Things to Watch in the Economic Calendar Next Week

Forex

·Jul 10, 2020, 18:41 BST

The economic calendar was relatively calm this week. The only major events in it were the RBA interest rate decision...

USDCAD in Focus As Bank of Canada (Boc) Readies Rate Decision

Forex

·Jul 14, 2020, 17:29 BST

USDCAD Remains Range-Bound As BoC Maintains 0.25% Interest Rate

Forex

·Jul 15, 2020, 15:34 BST

The USDCAD is in the middle of a choppy trading session as the Bank of Canada voted to leave the...

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.

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 – 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 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.

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