USDCAD on Monday rose 0.14% to 1.33641. What we know.
|Performance after Monday|
|Week to-date||0.17%||23.1 Pips|
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Tue 01:30 PM USD CPI Inflation Rate (12-mth)
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What happened lately
No major activities.
What can we expect from USDCAD today?
USDCAD on Monday rose 0.14% to 1.33641. Price is below 9-Day EMA while Stochastic is rising in oversold zone.
Updated daily direction for USDCAD looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.33951 with break above could target R2 at 1.34262 or figure level area. While towards the downside, we are looking at daily low of 1.33100 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.33836 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCAD is mixed as compared to the prior week.
Key levels to watch out:
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