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

Will Canadian GDP Highlight Continued Pressure in Exports?
S11.2898 W R31.3307 S
S21.2753 M R21.3253 M
S31.2653 S R11.2941 W


Will Canadian GDP Highlight Continued Pressure in Exports?

Canadian economic data of recent hasn’t been very positive; and this makes the Canadian economy like pretty much every other major economy on the planet Earth at the moment, where a lack of growth coupled with continued disappointment in economic numbers is painting a fairly negative picture for near-term economic prospects.
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John Kicklighter   

Chief Currency Strategist

My Picks: Long: USD/JPY; Short: NZD/CAD; Pending: USD/CAD, GBP/NZD, AUD/CAD
Expertise: Fundamentals and Technicals
Average Time Frame of Trades: 2 Days to 1 Week


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