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.
View More

USDCAD chart

USDCAD chart by TradingView

IGCS: IG Client Sentiment data provided by IG


Last Week
1.02
Current
---
Chg. Open Interest
36.3%
Outlook
Bullish

Pivot Points data provided by IG

Support & Resistance

USD/CAD
S11.3437 W R31.3685 S
S21.3282 M R21.3584 M
S31.309 S R11.3521 W
Trend
neutral
Advertisement

USD/CAD further reading

News


USD/JPY Uptrend at Key Resistance Before BoJ, CAD Trims Drop on BoC

The US Dollar and Japanese Yen rose as the Canadian Dollar trimmed losses despite the BoC dropping its rate hike bias. USD/JPY sits under key resistance in its uptrend before the BoJ.
Continue Reading


Canadian Dollar Swoons in Response to Dovish Bank of Canada Remarks


Live Event Coverage: Bank of Canada Rate Decision


USDCAD Rate Risks Near-Term Breakout on Dovish Bank of Canada (BoC)


US Dollar Price Action Setups in EUR/USD, USD/CAD


Real Time News


Analyst Picks

James Stanley

James Stanley Currency Strategist

My Picks: EURUSD, GBPUSD, AUDUSD, USDCAD
Expertise: price action - macro
Average Time Frame of Trades: few days - few weeks

Advertisement

Get Your Free USD Forecast

Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

Your forecast is headed to your inbox

DailyFX.com – the news, research and analysis website provided by IG – is one of the world's leading sources for news and analysis across currencies, commodities and indices.

Discover our extensive calendar of free educational webinars and test your trading skills, risk-free, with an IG demo account.

Read more articles on DailyFX

An error occurred submitting your form.
Please try again later.

Advertisement

Market Datadata provided by IG

Symbol Bid Ask Spread
Market Data figures are provided for the trading day.
Symbol Bid Ask Spread
Market Data figures are provided for the trading day.

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous