USDCAD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | 0.27% | 38.0 Pips | ▲ |
| Week to-date | 0.35% | 49.0 Pips | ▲ |
| July | -0.89% | -126.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from USDCAD today?
USDCAD closed with a 0.27% gain at 1.41070 on Tuesday, maintaining a bullish daily outlook despite being below the 9-day EMA. The pair’s performance for the week stands at 0.35%, reflecting a mixed weekly outlook.
📈 Bull Scenario A bullish scenario could unfold if USDCAD breaks above the daily high of 1.41110, targeting the first resistance level (R1) at 1.41277. Further upward momentum might push the pair towards the second resistance level (R2) at 1.41483, especially if buying interest persists. | 📉 Bear Scenario Conversely, a bearish move may be triggered if USDCAD falls below the daily pivot of 1.40903, with immediate support at S1 located at 1.40697. A deeper decline could see the pair testing the second support level (S2) at 1.40323, particularly if the falling stochastic continues to exert downward pressure. |
Key levels to watch out:
| R3 | 1.41857 |
| R2 | 1.41483 |
| R1 | 1.41277 |
| Daily Pivot | 1.40903 |
| S1 | 1.40697 |
| S2 | 1.40323 |
| S3 | 1.40117 |