USDCAD on Thursday dropped -0.01% to 1.34570. Pair in consolidation. What we know.

USDCAD Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday-0.01%-1 Pips
Week to-date-0.01%-1 Pips
February0.2%27.2 Pips

Upcoming key events (London Time)

Fri 01:30 PM CAD Net Change in Employment

What happened lately

No major activities.

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What can we expect from USDCAD today?

USDCAD on Thursday dropped -0.01% to 1.34570. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCAD looks mixed as the pair is likely to consolidate above 1.34363 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.34930 or trades above daily pivot 1.34647. Break above could target R1 at 1.34853. While to the downside, we are looking at 1.34363 (S1) and daily low of 1.34440 as support levels. USDCAD need to break on either side to indicate a short-term bias. A close below 1.34440 would indicate selling pressure.

For the week to-date, take note that USDCAD is mixed as compared to the prior week.

Key levels to watch out:

R31.35343
R21.35137
R11.34853
Daily Pivot1.34647
S11.34363
S21.34157
S31.33873

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