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
FOMC Minutes, BoC Rates and USD/JPY Bulls Re-Emerge
S11.3456 W R31.3838 S
S21.3441 M R21.3800 M
S31.3411 S R11.3509 W
Trend
down
Volatility
16%

News


FOMC Minutes, BoC Rates and USD/JPY Bulls Re-Emerge

Today brings two Central Banks to the forefront for global markets. But its the moves under-the-surface that should garner the most attention from traders and market participants.
Continue Reading


USD/CAD Risks Larger Pullback on Less-Dovish BoC


JPY, Euro, CAD Price Action Setups


Kuroda (BoJ), Draghi (ECB), Bank of Canada & FOMC Minutes on the Horizon


COT: Euro Speculative Longs Increase, CAD Shorts Add to Record Position


Real Time News


Analyst Picks

Walker England   

Forex Trading Instructor

My Picks: USD/CAD Pending Breakout
Expertise: Technical Analysis
Average Time Frame of Trades: 1Day-1Week


Pivot Points

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