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
S11.3100 W R31.3282 S
S21.2830 M R21.3253 M
S31.2653 S R11.3195 W
Trend
neutral
Volatility
20%
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News


Weekly Trading Forecast: Are the Dollar, Yen and Pound’s Trends Turning?

The Dollar and Yen experienced sharp change in trend this past week motivated by event risk. Will these trends find momentum, and will key UK and Australian event risk ahead motivate the same for the Pound and Aussie?
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Canadian Industrial Production Boosts Loonie Despite Weak GDP


USD/CAD Tumbles Despite Weak Canada GDP as US Data Impacts Fed Bets


USD/CAD 1.3300 Remains Possible Failure Level


USD/CAD Stalls Before Getting Out of the Driveway


Real Time News


Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in USDCAD, AUDUSD & AUDJPY
Expertise: Short-term Technicals
Average Time Frame of Trades: 1-2 Days

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