USDCAD on Monday rose 0.14% to 1.33641. What we know.
USDCAD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.14% | 18.9 Pips |  | ||
| Week to-date | 0.17% | 23.1 Pips |  | ||
| June | -1.52% | -205.9 Pips |  | ||
Upcoming key events (London Time)
Tue 01:30 PM USD CPI Inflation Rate (12-mth) Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate) Wed 07:00 PM USD Interest Rate Projections
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:
| R3 | 1.34687 |
| R2 | 1.34262 |
| R1 | 1.33951 |
| Daily Pivot | 1.33526 |
| S1 | 1.33215 |
| S2 | 1.3279 |
| S3 | 1.32479 |
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#USDCAD Trending on Twitter
Ya disponible el #forecast en #forex para esta semana en mi canal de youtube; los pares a vigilar son: #USDJPY #CADCHF #GBPNZD #USDCAD
https://youtu.be/sH-DbpXM6X0
The USD/CAD has gone back and forth during the trading week as we continue to see the 1.38 level offer resistance. If the market can break above there, then it’s possible that we could go looking to the 1.40 level #USDCAD #globalmarkets #fx #trading
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