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

Yen Falls as Stocks Rise, Canadian Dollar Tracks Crude Oil Lower
S11.2925 S R31.3099 W
S21.2896 M R21.3051 M
S31.2847 S R11.3022 W


Yen Falls as Stocks Rise, Canadian Dollar Tracks Crude Oil Lower

The Japanese Yen fell as stocks advanced, denting demand for the anti-risk currency, while the Canadian Dollar followed crude oil prices downward.
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Ilya Spivak   

Currency Strategist

My Picks: Long USD/CAD at 1.3060
Expertise: Global macro
Average Time Frame of Trades : 1-6 months

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