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


U.S. PPI Inflation Accelerated, U.S. Consumer Sentiment and Inflation Expectations Lowered, U.S. Indices Jumped, Bitcoin Corrected Significantly, Trump Avoided Getting Shot
U.S. PPI Inflation Accelerated, U.S. Consumer Sentiment and Inflation Expectations Lowered, U.S. Indices Jumped, Bitcoin Corrected Significantly, Trump Avoided Getting Shot

U.S. producer prices increased slightly more than expected in June amid a rise in the cost of services, but that did not change expectations that t...

U.S. Inflation Surprise Dropped to 3%, Massive USD Weakening, JPY Strengthened, Gold Jumped, Crude Oil Stable, U.S. Indices Plunged
U.S. Inflation Surprise Dropped to 3%, Massive USD Weakening, JPY Strengthened, Gold Jumped, Crude Oil Stable, U.S. Indices Plunged

The U.S. consumer prices fell for the first time in four years in June drawing the Federal Reserve another step closer to cutting interest rates in...

RBNZ Kept Rates Steady, China’s Inflation Lower, U.S. Stocks Jumped, Crude Oil and Gold Higher, Bitcoin Stable, U.S. CPI Inflation Report Ahead
RBNZ Kept Rates Steady, China’s Inflation Lower, U.S. Stocks Jumped, Crude Oil and Gold Higher, Bitcoin Stable, U.S. CPI Inflation Report Ahead

New Zealand’s central bank (RBNZ) held the cash rate steady at 5.5% on Wednesday. The decision was in line with the expectations of all econo...

Weak Labour Market and Progress on Inflation Might Lead to Rate Cuts Soon, USD Saw Steady Appreciation, Gold was Stable, Crude Oil Fell
Weak Labour Market and Progress on Inflation Might Lead to Rate Cuts Soon, USD Saw Steady Appreciation, Gold was Stable, Crude Oil Fell

Winners vs Losers EURJPY leads as JPY pairs climb to the top of the week’s gainers list. It seems that JPY is weakening again. Silver remains...

USD Stabilised, Gold Plunged, Crude Oil Retreats, U.S. Indices Strong Volatility and Uptrend, Dow Jones Resists Upside, Powell and Yellen Speeches ahead
USD Stabilised, Gold Plunged, Crude Oil Retreats, U.S. Indices Strong Volatility and Uptrend, Dow Jones Resists Upside, Powell and Yellen Speeches ahead

Winners vs Losers USDCHF climbed to the top as the USD stabilised from weakening and the CHF started to lose ground. JPY pairs (JPY as Quote) reach...

Less U.S. Employment Growth, Decline for Canada’s Employment Change, Unemployment Rates for Both Higher, U.S. Stocks Continue with Uptrend while Commodities Dive
Less U.S. Employment Growth, Decline for Canada’s Employment Change, Unemployment Rates for Both Higher, U.S. Stocks Continue with Uptrend while Commodities Dive

The U.S. job growth slowed more than expected in April and the increase in annual wages fell below 4.0% for the first time in nearly three years, b...

Swiss Monthly Inflation Reported at 0%, Financial Markets Unmoved by U.K. Parliamentary Elections, Crude Oil Moved Upwards, Gold and U.S. Indices Stable, Bitcoin Suffered Further
Swiss Monthly Inflation Reported at 0%, Financial Markets Unmoved by U.K. Parliamentary Elections, Crude Oil Moved Upwards, Gold and U.S. Indices Stable, Bitcoin Suffered Further

Swiss inflation unexpectedly eased and was reported at 0% — offering reassurance to Swiss National Bank officials who’ve lowered borrow...

U.K and Spain Services PMI Show Strong Business Activity, U.S. ISM Services PMI and U.S. Labour Market Data were Reported Weak Showing Cooling, U.S. Dollar Weakened, Metals Jumped, Bitcoin Suffers
U.K and Spain Services PMI Show Strong Business Activity, U.S. ISM Services PMI and U.S. Labour Market Data were Reported Weak Showing Cooling, U.S. Dollar Weakened, Metals Jumped, Bitcoin Suffers

The U.S. services sector activity slumped to a four-year low in June amid a sharp drop in orders. The Institute for Supply Management said its non-...

Brokers' Analytics


USDCAD finds equilibrium, but Canadian dollar remains strong

Investors in the USDCAD pair are assessing the latest statistics and forecasts. The Bank of Canada’s actions will determine further movements. USDCAD trading key points&nb...

CAD strengthens amid rising oil prices

The USDCAD rate is falling from a two-week high amid rising oil prices and the Federal Reserve chair’s recent statements. USDCAD trading key points The Federal Reserv...

Currency technical analysis and forecast for July 2024

We are discussing the July 2024 prospects for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD. EURUSD The EURUSD pair has completed a decline wave towards 1.0666...

Ichimoku Cloud Analysis 14.06.2024 (EURUSD, USDJPY, USDCAD)

EURUSD, “Euro vs US Dollar” EURUSD is testing the support area. The pair is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Tenkan-Sen line at 1.07...

Ichimoku Cloud Analysis 12.06.2024 (EURUSD, AUDUSD, USDCAD)

EURUSD, “Euro vs US Dollar” EURUSD is bouncing off the Tenkan-Sen line. The pair is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the lower boundary ...

Murrey Math Lines 12.06.2024 (USDJPY, USDCAD)

USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has breached the resistance line. I...

Ichimoku Cloud Analysis 10.06.2024 (EURUSD, USDJPY, USDCAD)

EURUSD, “Euro vs US Dollar” EURUSD has gained a foothold below the lower boundary of the Double Top reversal pattern. The pair is moving below the Ichimoku Cloud, suggest...

Ichimoku Cloud Analysis 06.06.2024 (EURUSD, USDJPY, USDCAD)

EURUSD, “Euro vs US Dollar” EURUSD has exited the descending corrective channel. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Tenkan-...

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.

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