FX_IDC:USDCAD chart by TradingView


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

Canadian Dollar Looks to Poloz for Further Strength
S11.3111 W R31.3364 S
S21.3079 M R21.3301 M
S31.3030 S R11.3168 W


Canadian Dollar Looks to Poloz for Further Strength

Thanks to an improving backdrop in the Canadian Economy and a stabilizing energy market, we may continue to see support for the Canadian Dollar into 2017.
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Pivot Points


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