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
USD/CAD Price May Resume Decline as Oil Price, Commodities Stabilize
S11.3190 W R31.3353 S
S21.3145 M R21.3270 M
S31.2968 S R11.3261 W
Trend
down
Volatility
16%

News


USD/CAD Price May Resume Decline as Oil Price, Commodities Stabilize

The Canadian Dollar has shaken off the weak CPI for Friday, and now awaits a dual between Janet Yellen & Stephen Poloz for the go-ahead to strengthen further.
Continue Reading


Near-term Setups in USD/JPY, USD/CAD & NZD/USD


Canadian Dollar Slammed by Weak CPI, RSI Threatens Bearish Formation


Lackluster Canada Consumer Price Index (CPI) to Fuel USD/CAD Recovery


Oil Price Slide Triggers USD/CAD Reversal, PMIs to Pace Growth


Real Time News


Analyst Picks

Michael Boutros   

Currency Strategist

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


Pivot Points

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