The USD/CAD pair gains ground to near 1.3880 during the Asian trading session on Friday. On the daily chart, the analysis shows that the pair is consolidating within an ascending channel, suggesting an ongoing bullish bias.
The 14-day Relative Strength Index (RSI) is positioned above the 50 level, reinforcing the prevailing bullish sentiment. Additionally, the nine-day Exponential Moving Average (EMA) is positioned above the 14-day EMA, indicating short-term price movement upwards.
On the upside, the USD/CAD pair tests the immediate barrier at the nine-day EMA at 1.3885, followed by 1.3959, the highest level since October 2022, which was reached on November 1. A break above the latter could improve the market sentiment and support the pair to approach the upper boundary of the ascending channel at the 1.4040 level.
In terms of support, the USD/CAD pair could test immediate support around the 14-day EMA at the 1.3868 level. A break below this level could cause the weakening of the bullish bias and put downward pressure on the pair to test the lower boundary of the ascending channel at the 1.3820 level.
The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the weakest against the US Dollar.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | 0.24% | 0.12% | 0.00% | 0.19% | 0.42% | 0.33% | 0.17% | |
EUR | -0.24% | -0.11% | -0.20% | -0.06% | 0.20% | 0.10% | -0.07% | |
GBP | -0.12% | 0.11% | -0.08% | 0.05% | 0.28% | 0.20% | 0.04% | |
JPY | 0.00% | 0.20% | 0.08% | 0.17% | 0.40% | 0.31% | 0.15% | |
CAD | -0.19% | 0.06% | -0.05% | -0.17% | 0.23% | 0.15% | -0.01% | |
AUD | -0.42% | -0.20% | -0.28% | -0.40% | -0.23% | -0.09% | -0.25% | |
NZD | -0.33% | -0.10% | -0.20% | -0.31% | -0.15% | 0.09% | -0.16% | |
CHF | -0.17% | 0.07% | -0.04% | -0.15% | 0.00% | 0.25% | 0.16% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.