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
USD/CAD Rebound Unravels, Eyes June-Low Ahead of Canada CPI
S11.3200 W R31.3392 S
S21.31539 M R21.3351 M
S31.2968 S R11.3316 W
Trend
down
Volatility
16%

News


USD/CAD Rebound Unravels, Eyes June-Low Ahead of Canada CPI

The near-term rebound in USD/CAD may continue to unravel as the pair fails to retain the bullish sequence from earlier this week.
Continue Reading


EUR/USD Reversal Stalls but USD/CAD’s Continues Thanks to Oil


Dollar On Technical Verge of Reversal, SPX Further to Go, RBNZ Ahead


Loonie Slides as Crude Dives- USDCAD Recovery Eyes Resistance


The Canadian Dollar Takes Direction From its Central Bank


Real Time News


Analyst Picks

Tyler Yell, CMT   

Forex Trading Instructor

My Picks: Bearish USD/CAD on BoC’s Hawkish Surprise & Fed’s Hawkishness In Doubt
Expertise: Technical Analysis, Sentiment, Intermarket Analysis
Average Time Frame of Trades: 3-8 Weeks


Pivot Points

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