The USD/CAD pair continues its losing streak for the third successive session, trading around 1.4260 during the Asian hours on Thursday. The daily chart's technical analysis suggests potential for bearish bias as the pair breaks below the rectangular pattern.
The USD/CAD pair remains below the nine- and 14-day Exponential Moving Averages (EMAs), underscoring bearish sentiment and indicating weak short-term price action. This positioning reflects ongoing selling interest and suggests further downside risks.
Additionally, the 14-day Relative Strength Index (RSI) remains below the 50 mark, confirming that bearish outlook is prevailing.
On the downside, the USD/CAD pair could find its immediate support at the psychological level of 1.4250. A break below this level could lead the pair to explore the region around the psychological level of 1.4200.
The USD/CAD pair may struggle to re-enter the rectangle. If it manages to do so, the bearish bias could weaken, potentially driving the pair toward the nine-day EMA at 1.4316, followed by the 14-day EMA at 1.4336. A breakout above these levels may strengthen short-term momentum, paving the way for a test of the rectangle's upper boundary at 1.4530.
The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the weakest against the Euro.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | -0.39% | -0.34% | 0.00% | -0.13% | -0.14% | -0.17% | -0.17% | |
EUR | 0.39% | 0.04% | 0.40% | 0.26% | 0.20% | 0.22% | 0.22% | |
GBP | 0.34% | -0.04% | 0.33% | 0.21% | 0.19% | 0.17% | 0.17% | |
JPY | 0.00% | -0.40% | -0.33% | -0.15% | -0.15% | -0.22% | -0.17% | |
CAD | 0.13% | -0.26% | -0.21% | 0.15% | -0.01% | -0.04% | -0.04% | |
AUD | 0.14% | -0.20% | -0.19% | 0.15% | 0.00% | -0.03% | -0.02% | |
NZD | 0.17% | -0.22% | -0.17% | 0.22% | 0.04% | 0.03% | 0.00% | |
CHF | 0.17% | -0.22% | -0.17% | 0.17% | 0.04% | 0.02% | -0.00% |
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).
© 2000-2025. 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.