USDCAD on Monday rose 0.61% to 1.35405. What we know.

USDCAD Analysis

Performance after Monday
PeriodPctChgMomentum
Monday0.61%82.5 Pips
Week to-date0.61%82.5 Pips
February0.8%106.8 Pips

Upcoming key events (London Time)

Tue 05:45 PM CAD Bank of Canada’s Governor Tiff Macklem speech

What happened lately

No major activities.

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What can we expect from USDCAD today?

USDCAD on Monday rose 0.61% to 1.35405. Price is above 9-Day EMA while Stochastic is rising.

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 1.35689 with break above could target R2 at 1.35972 or figure level area. While towards the downside, we are looking at daily low of 1.34620 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.35438 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCAD is bullish as the pair continued to trade higher and is up by 0.61% over the past few days.

Key levels to watch out:

R31.36507
R21.35972
R11.35689
Daily Pivot1.35154
S11.34871
S21.34336
S31.34053

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