USDCAD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.0071% | 1.0 Pips | ▲ |
| Week to-date | 0.0071% | 1.0 Pips | ▲ |
| July | -0.2888% | -41.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Tue 08:30 PM | USD | HIGH | CPI Inflation Rate (1-mth) |
| Tue 08:30 PM | USD | HIGH | CPI Inflation Rate excluding Food and Energy sectors (1-mth) |
| Wed 08:30 PM | USD | HIGH | PPI excluding Food and Energy sectors (12-mth) |
| Wed 09:45 PM | CAD | HIGH | Bank of Canada Policy Interest Rate |
What can we expect from USDCAD today?
The USDCAD pair is showing a bullish daily outlook as it begins the week, with a slight increase of 0.0071% on Monday. The pair closed at 1.41540, with a daily high of 1.41740 and a low of 1.41240.
📈 Bull Scenario A bullish scenario for USDCAD could be triggered if the pair breaks above the daily high of 1.41740. Traders should watch for resistance levels at R1: 1.41774 and R2: 1.42007, which could indicate further upward momentum. | 📉 Bear Scenario Conversely, a bearish move might occur if USDCAD falls below the daily low of 1.41240. Key support levels to monitor are S1: 1.41274 and S2: 1.41007, which could suggest a potential decline if breached. |
Key levels to watch out:
| R3 | 1.42274 |
| R2 | 1.42007 |
| R1 | 1.41774 |
| Daily Pivot | 1.41507 |
| S1 | 1.41274 |
| S2 | 1.41007 |
| S3 | 1.40774 |