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


Greenback slips, euro, Aussie enjoy victory lap
Greenback slips, euro, Aussie enjoy victory lap

The U.S. dollar eased against a basket of its rivals on Thursday on Fed dovish turn echo at latest policy meeting.

Dollar dips, AUD, NZD and CNH firm
Dollar dips, AUD, NZD and CNH firm

The dollar climbed down in comparison with its major rivals in early Friday’s trade, while the Federal Reserve Board, represented by Chairman...

Dollar wobbles amid political tensions and Fed worries
Dollar wobbles amid political tensions and Fed worries

The dollar edged lower versus most of its rivals on Wednesday, dragged down by a batch of negative factors including rising worries over a partial ...

Dollar slips as U.S. and China agree on tariffs
Dollar slips as U.S. and China agree on tariffs

The dollar fell on Monday as demand for riskier assets increased after China and the U.S. have agreed to a temporary truce in the trade dispute.

Dollar advances as trade tensions are likely to continue
Dollar advances as trade tensions are likely to continue

The dollar was stable on Tuesday as fresh worries about the trade tariff dispute between the U.S. and China provided support to safe harbor currenc...

Dollar drifts lower due to strength in its major peers
Dollar drifts lower due to strength in its major peers

The dollar index .DXY edged lower to 96.46 on Friday. A popular gauge has been sliding for two straight trading sessions from a 16-month peak of 97...

Dollar pulls back though set to strengthen further
Dollar pulls back though set to strengthen further

The U.S. dollar retreated from a 16-month peak on Wednesday as traders took profits amid surge in the euro and the pound.

Dollar holds gains on hawkish Fed
Dollar holds gains on hawkish Fed

The dollar climbed against its major rivals on Friday as the U.S. Federal Reserve held interest rates unchanged but confirmed its monetary tighteni...

Brokers' Analytics


Ichimoku Cloud Analysis 15.02.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7090; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets cou...

Ichimoku Cloud Analysis 14.02.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7118; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets cou...

Murrey Math Lines 13.02.2019 (USDJPY, USDCAD)

13.02.2019USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is trading above the 5/8 level. In the future, the price may break the 7/8 level and c...

Ichimoku Cloud Analysis 13.02.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7127; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets cou...

Ichimoku Cloud Analysis 12.02.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7081; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets cou...

Ichimoku Cloud Analysis 11.02.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7095; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets cou...

Ichimoku Cloud Analysis 08.02.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7077; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets cou...

Ichimoku Cloud Analysis 07.02.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7096; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets cou...

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How Does Interest Rate Affect Currency Rate and Forex Market

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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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