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


Canadian dollar rises, markets expect employment data
Canadian dollar rises, markets expect employment data

Canada’s currency will strengthen against its U.S. rival this year, recovering the losses that the Loonie suffered in July due to the country...

Forex review: dollar index bounces, Loonie retreats
Forex review: dollar index bounces, Loonie retreats

The soothing in U.S. rate fever has seen bonds returned only a tad bit of their big rally, with two-year yields Treasuries ascending to 1.917 perce...

Geopolitics and trade talks keep main currencies in range
Geopolitics and trade talks keep main currencies in range

There was some encouraging news on the extended China-U.S. trade row with White House Economic counsel Larry Kudlow affirming that top officials fr...

Dollar surges on strong jobs data, in Canada exact opposite
Dollar surges on strong jobs data, in Canada exact opposite

The dollar index increased more than half a percent on Friday after the report on jobs number, which showed that non-farm payrolls retreated in Jun...

Dollar increases softly, Yen, Kiwi and Aussie on their heels
Dollar increases softly, Yen, Kiwi and Aussie on their heels

The statement that “U.S.sanctions from then on close path for diplomacy” pulled the dollar down, while the “safe haven” cur...

Interest rate unchanged, U.S. dollar goes into hiding
Interest rate unchanged, U.S. dollar goes into hiding

The Federal Reserve retained the interest rate on federal credit funds at 2 ¼ -2 ½  percent per annum, as it was expected, in th...

Canadian dollar gains after inflation rate data
Canadian dollar gains after inflation rate data

The Canadian dollar grew sharply against the U.S. currency after the publication of data on inflation in country in May.

U.S. and Canada jobs data differ: dollars in all directions
U.S. and Canada jobs data differ: dollars in all directions

The dollar index dropped on Friday, reaching a minimum level since March 26 after data from the Ministry of Labor pointed to a sharp slowdown in th...

Brokers' Analytics


Murrey Math Lines 21.08.2019 (USDJPY, USDCAD)

21.08.2019USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is no longer moving inside the “oversold area”; right now, it is trading a...

Ichimoku Cloud Analysis 20.08.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.6792; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency.

Forex Technical Analysis 20.08.2019 (EURUSD, GBPUSD, BRENT)

EURUSD, “Euro vs US Dollar” EURUSD is forming another descending wave. 

Ichimoku Cloud Analysis 19.08.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD The instrument is trading at 0.6728 inside the Cloud, which suggests a flat. Testing of the upper border of the Cloud near 0.6790 is expected, followed by a decline to 0.6620....

Technical Analysis 19.08.2019 (EURUSD, GBPUSD, BRENT)

EURUSD The currency pair is trading in the second half of the third wave of decline to 1.1019. Today a decline to 1.1070 looks possible, upon the breakaway of which hitting 1. 1035 m...

Forex Technical Analysis 16.08.2019 (EURUSD, GBPUSD, BRENT)

EURUSD, “Euro vs US Dollar” EURUSD has reached another downside target at 1.1110; right now, it is consolidating above this level. 

Ichimoku Cloud Analysis 16.08.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.6786; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. 

Ichimoku Cloud Analysis 15.08.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.6780; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. 

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How to use U.S. dollar index in Forex trading?

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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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