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
S11.2575 W R31.2890 S
S21.2550 M R21.2774 M
S31.2412 S R11.2691 W
Trend
down
Volatility
16%

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Analyst Picks

Michael Boutros

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in USD/CAD & EUR/USD
Expertise: Near-term Technicals
Average Time Frame of Trades: 1-3 Days


Pivot Points

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