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 Bearish Wick as Price Nears Late March High
S11.3188 W R31.3307 S
S21.3027 M R21.3253 M
S31.2961 S R11.3244 W
Trend
neutral
Volatility
16%
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News


USD/CAD Bearish Wick as Price Nears Late March High

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Canadian Dollar Snaps Winning Streak, Tanks after CPI, Retail Sales Miss


USD/CAD in Focus Ahead of Canada CPI data as Oil Prices Rise


Slowing Canada Core CPI to Foster USD/CAD Rebound


USD/CAD Holds 1.3000 - Bigger Wedge from May Low?


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Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in USDJPY, USDCAD & AUDUSD- USDOLLAR Range in Focus
Expertise: Technicals
Average Time Frame of Trades: 1-2 Days

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