USDCAD chart by TradingView

USD/CAD

The US Dollar v/s the Canadian Dollar is a popular currency pair due to the large amount of cross-border trading activity that takes place between The United States and Canada. The Canadian Dollar is often called 'The Loonie' because of the picture depicting a loon on the Canadian $1 coin. The Canadian Dollar is often considered a 'Commodity Currency' due to the large deposits of natural resources, especially Oil that is mined and exported from Canada; particularly with their neighbor to the south.


Support & Resistance

USD/CAD
CAD Weakness becomes an October Theme as Hawkish BoC Pulls Back
S11.2513 W R31.2778 S
S21.2449 M R21.2691 M
S31.2329 S R11.2564 W
Trend
down
Volatility
16%

News


CAD Weakness becomes an October Theme as Hawkish BoC Pulls Back

Canadian Dollar weakness has continued after a short-term bottom in early September as Canadian data continues to cool down.
Continue Reading


CAD Risks Larger Correction as BoC Tames Bets for Imminent Rate-Hike


COT: EUR/USD & USD/CAD Prices Correct, Futures Positioning Doesn’t


Canadian Dollar Edgy on NAFTA Fears


Canadian Dollar Under Pressure on NAFTA, Easier Oil Prices


Real Time News


Analyst Picks

Michael Boutros

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in USD/CAD, AUD/USD & Ethereum
Expertise: Technical Analysis
Average Time Frame of Trades: 1-3 Days


Pivot Points

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