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
Record Bond Purchases in Canada Pushes Investment to $20.8 Billion
S11.2714 W R31.3043 S
S21.2623 M R21.2909 M
S31.2532 S R11.2857 W
Trend
down
Volatility
16%

News


Record Bond Purchases in Canada Pushes Investment to $20.8 Billion

Foreign investors flocked to private Canadian corporate debt while reducing exposure in money market funds.
Continue Reading


FX Options Pricing in Holiday Trading; USD/CAD & NZD/USD in Focus


Weekly Trading Forecast: How Will Markets Position to End 2017?


USD/CAD Resilience Vulnerable to Strong Canada Inflation Figures


Post FOMC, ECB, BoE Price Action Setups


Real Time News


Analyst Picks

Paul Robinson

Paul Robinson   

Market Analyst

My Picks: USD/CAD Short, Pending
Expertise: Technical
Average Time Frame of Trades: Several days to weeks


Pivot Points data provided by IG

Get Your Free USD Forecast

Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please fill out this field.
Please enter valid phone number
Please select a country

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

Your Forecast Is Headed to Your Inbox

Read more articles on DailyFX

An error occurred submitting your form.
Please try again later.

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous