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
In Europe, Russia reduced the supply of gas to the Nord Stream 1 pipeline to only 20% of capacity from 40% due to turbine maintenance. This led to ...
Two big Reuters stories sent EUR higher. First, an article saying that the European Central Bank (ECB) was considering a larger-than-expected 50 bp...
What do you have to do to get any respect around here? The Bank of Canada shocked markets Wednesday with a 100 bps hike, which (almost) no one had ...
The dollar resumed its relentless rise on Thursday, driven by both expectations for faster Federal Reserve policy tightening and safe-haven flows a...
Well, it’s bye-bye Boris! I had expected that his departure would cause some near-term uncertainty and thereby cause the pound to weaken, alt...
The euro held onto its recent gains on Tuesday ahead of European inflation figures this week that are expected to run hot and a speech from central...
CAD was the big mover since Friday morning. It fell through 1.29 again as oil prices firmed. Of course, that begs another question: why today?...
With the US on holiday, risk sentiment improved. Oil prices rebounded and with them, CAD appreciated (as did the other commodity currencies too).&n...
Brokers' Analytics
GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is testing Tenkan-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. Th...
USDJPY, “US Dollar vs. Japanese Yen” On the H4 chart, after breaking 8/8, USDJPY is no longer trading within the “overbought” area. In this case, the price is...
USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is trading within the “overbought” area. In this case, the price is expected to brea...
EURUSD, “Euro vs US Dollar” EURUSD is about to break the bearish channel’s upside border. The instrument is currently moving above Ichimoku Cloud, thus indicating a...
EURUSD, “Euro vs US Dollar”EURUSD is testing the resistance area. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The mark...
The dollar posted another fresh cycle high yesterday at 108.41 before easing off in the US session. This saw EUR/USD briefly touch parity and below before pulling back while GBP/USD ...
XAUUSD, “Gold vs US Dollar” XAUUSD continues falling inside the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending ten...
AUDUSD, “Australian Dollar vs US Dollar”AUDUSD has rebounded from the resistance level. The instrument is currently moving below Ichimoku Cloud, thus indicating a descend...
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.