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
New claims for unemployment benefits increased moderately last week, suggesting that the labour market is actually cooling and coinciding with the ...
According to the ADP report, the S. private payrolls increased less than expected in November due to the cooling of the labour market. Private empl...
The euro grazed a three-week low on Thursday, driven by mounting expectations that the European Central Bank (ECB) may cut rates as early as March,...
Australia’s central bank (RBA) held interest rates steady as expected, as it needs more time to assess the state of the economy and decide wh...
The Swiss consumer price index (CPI) fell by 0.2% in November 2023 compared with the previous month reaching 106.2 points. Inflation has actually i...
Oil prices saw a big fall, by more than 2% yesterday after OPEC+ producers agreed to voluntary oil output cuts for the first quarter of next year t...
The Reserve Bank of New Zealand (RBNZ) held the cash rate steady according to the latest report but noted that inflation remained too high. It warn...
The dollar was rooted near a three-month low on Thursday and was set to post its steepest monthly decline in a year as investors ramped up bets tha...
Brokers' Analytics
EURUSD, “Euro vs US Dollar” EURUSD has found a foothold under the lower boundary of the bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests...
EURUSD, “Euro vs US Dollar” EURUSD is testing the resistance level. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at...
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes and the RSI have reached the oversold areas on H4. In this situation, the quotes are expected to rebound from the 0/8 (1...
EURUSD, “Euro vs US Dollar” EURUSD is correcting by a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper b...
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after setting a new local high. The instrument is going above the Ichimoku Cloud, which suggests an uptren...
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. The RSI is nearing the resistance ...
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test ...
GBPUSD, "Great Britain Pound vs US Dollar" GBPUSD has found a foothold above the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud suggesting a downtrend. A...
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.