USDCAD Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | 0.07% | 10.0 Pips | ▲ |
| Week to-date | 0.8% | 111.0 Pips | ▲ |
| June | 0.8% | 111.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Fri 08:30 PM | CAD | HIGH | Labour Force Net Change in Employment |
| Fri 08:30 PM | CAD | HIGH | Labour Force Unemployment Rate |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (1-mth) |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (12-mth) |
| Fri 08:30 PM | USD | HIGH | Nonfarm Payroll Employment |
What can we expect from USDCAD today?
The USDCAD pair is showing a slight upward trend with a daily performance of 0.07%, closing at 1.39060. The pair’s daily outlook remains bullish, supported by its position above the 9-day EMA.
📈 Bull Scenario A bullish scenario for USDCAD could be triggered if the pair breaks above the daily high of 1.39250. Traders should watch for resistance at R1, which is 1.3928, and further gains could target R2 at 1.395. The weekly bullish outlook and the pair’s position above the EMA support this potential upward movement. | 📉 Bear Scenario On the downside, a bearish scenario may unfold if USDCAD falls below the daily pivot of 1.3903. In this case, the first support level to watch is S1 at 1.3881, with further declines possibly targeting S2 at 1.3856. The falling stochastic in the overbought zone suggests potential for a pullback. |
Key levels to watch out:
| R3 | 1.3975 |
| R2 | 1.395 |
| R1 | 1.3928 |
| Daily Pivot | 1.3903 |
| S1 | 1.3881 |
| S2 | 1.3856 |
| S3 | 1.3834 |