USDCAD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.22% | 31.0 Pips | ▲ |
| Week to-date | 0.22% | 31.0 Pips | ▲ |
| July | -0.5072% | -72.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 02:00 AM | USD | HIGH | Fed Interest Rate Decision (Federal Funds Rate) |
What can we expect from USDCAD today?
USDCAD is showing a bullish daily outlook with a 0.22% increase, closing at 1.41230. The pair is currently trading above its 9-day EMA, suggesting potential for further gains.
📈 Bull Scenario If USDCAD continues its upward momentum, breaking through the daily high of 1.41260 could lead to a test of the first resistance level at 1.41434. A sustained move above this level might target the second resistance at 1.41637, reinforcing the bullish trend. | 📉 Bear Scenario On the downside, a reversal could see USDCAD testing the support at 1.40854. If bearish pressure intensifies, the pair might further decline towards the second support level at 1.40477, challenging the current bullish outlook. |
Key levels to watch out:
| R3 | 1.42014 |
| R2 | 1.41637 |
| R1 | 1.41434 |
| Daily Pivot | 1.41057 |
| S1 | 1.40854 |
| S2 | 1.40477 |
| S3 | 1.40274 |