Chart of price change USD/CAD
Currency pair USDCAD includes two currencies: US dollar and Canadian dollar. This pair is included in the top ten pairs in the Forex market. USD is the most known world currency, which is subject to the comprehensive influence of various factors, keep track of which is not the easiest task. Therefore, it is necessary to use Forex calendar more precisely to predict changes of dollar price. CAD is a commodity currency, which is subjected to a great influence of oil. Therefore, to foresee a change of this currency rate rather simply. Usually, this couple is chosen by traders who trade on the news and have the opportunity to learn how the oil prices change timely.
Economic news
Australian employment fell in March after an enormous gain the month before, while the jobless rate resumed its uptrend. Net employment dropped 6,6...
Inflation was reported lower for the U.K. but higher than the forecast. The slowdown in the fall in Britain’s inflation rate follows an accel...
The labour market in the U.K. still experiences wage growth. However, more people are dropping out of the workforce. Regular wages excluding bonuse...
U.S. retail sales increased more than expected in March, further evidence that the economy ended the first quarter on solid ground. Strong retail s...
The University of Michigan’s preliminary reading on the overall Consumer Sentiment index was reported low, at 77.9 this month, compared to a ...
The European Central Bank (ECB) kept interest rates at record highs yesterday but gave a clear signal that it may be preparing to proceed with cuts...
The U.S. inflation report yesterday shook the markets as it showed that U.S. consumer prices increased more than expected in March leading financia...
Winners vs Losers Silver and Gold remain on the top of the week’s winners list with 3.11% and 1.55% gains respectively. Silver gains reached ...
Brokers' Analytics
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the support level. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. ...
USDJPY, "US Dollar vs Japanese Yen" USDJPY quotes remain in the overbought area on D1. The RSI is testing the resistance line. In this situation, a breakout of +1/8 (151.56...
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the upper boundary of the descending channel. The pair is going inside the Ichimoku Cloud, which sugg...
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is declining following a rebound from the resistance level. The pair is going below the Ichimoku Cloud, which suggests a...
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are in the overbought area on D1. The RSI is testing the resistance line. In this situation, the price is expected to re...
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are in the overbought area on D1. The RSI is approaching the overbought area. In this situation, the price is expected t...
EURUSD, “Euro vs US Dollar” EURUSD has secured below the signal lines of the indicator. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test...
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes and the RSI are in the overbought areas on H4. In this situation, the price is expected to rebound from the +2/8 (151.56...
Using a currency pair USDCAD in trading, it will be useful for a trader to watch the behavior of such trading instruments as EURUSD, GBPUSD and USDJPY. As it is possible to call these trading instruments, indicators of USDCAD pair price movement as their change influences the national currency rate of Canada.
Trading this currency pair, it is worth paying attention to already accurately created levels, which are a reference point for traders when carrying out the analysis. Similar historical levels serve the trader as the good help for determination of points of the opening of an order. It should be noted that active rate movement on this currency pair is reached at the American trading session, it is caused by that Canada and the United States of America live practically on one time and between them are established rather close commercial ties.