USDCAD chart by TradingView


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

US Tax Plan Doesn’t Win New Dollar or SPX Highs, ECB and BoJ Ahead
S11.3530 W R31.3838 S
S21.3528 M R21.3753 M
S31.3415 S R11.3647 W


US Tax Plan Doesn’t Win New Dollar or SPX Highs, ECB and BoJ Ahead

The Dollar was conspicuously unmoved two days after its technically-decisive 'neckline' break Monday. The motivation for this move was distinctively a fundamental cross wind without a built-in drive.
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Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in AUDJPY, AUDUSD, USDCAD & GBPUSD
Expertise: Short-term Technicals
Average Time Frame of Trades: 1-3Days

Pivot Points

Forex Economic Calendar

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