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.
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USDCAD chart

USDCAD chart by TradingView

IGCS: IG Client Sentiment data provided by IG

Last Week
Chg. Open Interest

Pivot Points data provided by IG

Support & Resistance

S11.3072 W R31.3333 S
S21.2953 M R21.3206 M
S31.2826 S R11.3095 W


US Dollar Price Action Setups After Fresh Yearly Highs in USD

The US Dollar has surged up to fresh highs and with deeper breakdowns in EUR/USD and GBP/USD, the door appears open for more. In this webinar, we looked at price action setups across the US Dollar.
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Analyst Picks

Nick Cawley

Nick Cawley Analyst

My Picks: USDCAD: Recent Sell-Off Gives Bulls a New Opportunity * Update *
Expertise: Fundamental and Technical analysis
Average Time Frame of Trades: One day to One Month

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Market Datadata provided by IG

Symbol Bid Ask Spread
Market Data figures are provided for the trading day.
Symbol Bid Ask Spread
Market Data figures are provided for the trading day.

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