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.
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USDCAD chart

USDCAD chart by TradingView

IGCS: IG Client Sentiment data provided by IG


Last Week
1.08
Current
---
Chg. Open Interest
10.3%
Outlook
Bullish

Pivot Points data provided by IG

Support & Resistance

USD/CAD
S11.3401 W R31.3619 S
S21.3362 M R21.3533 M
S31.3176 S R11.3442 W
Trend
down
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USD/CAD further reading

News


CAD Soars, Oil Spikes on Drone Attack, USD Challenges 200DMA - US Market Open

Global central bank easing is on its way as the Fed confirms shift towards lowering interest rates. Demand for USD is eroded as US yields edge lower.
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Canadian Dollar Outlook: USD/CAD Selloff Might Continue Below This Price


USDCAD Rate Eyes Monthly Low as FOMC Adjusts Interest Rate Forecast


CAD Spikes, GBPUSD Outperforms, EURUSD Eyes FOMC - US Market Open


US Dollar Price Outlook in EUR/USD, USD/CAD, AUD/USD and USD/JPY


Real Time News


Analyst Picks

James Stanley

James Stanley Currency Strategist

My Picks: EURUSD, USDCAD, AUDUSD, USDJPY
Expertise: price action, macro
Average Time Frame of Trades: few days - few weeks

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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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