USDCAD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.19% | 26.0 Pips | ▲ |
| Week to-date | 0.19% | 26.0 Pips | ▲ |
| August | 0.19% | 26.0 Pips | ▲ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from USDCAD today?
The USDCAD pair closed with a slight gain of 0.19% on Monday, ending the day at 1.40430. The daily outlook remains mixed as the pair trades below the 9-day EMA, with the stochastic indicator showing a rising trend.
📈 Bull Scenario A bullish scenario for USDCAD could be triggered if the pair breaks above the daily high of 1.40530. In this case, traders should watch the resistance levels at R1: 1.40633 and R2: 1.40837 for further upward momentum. | 📉 Bear Scenario Conversely, a bearish scenario may unfold if USDCAD falls below the daily pivot of 1.40327. Key support levels to monitor in this scenario are S1: 1.40123 and S2: 1.39817, which could indicate further downside potential. |
Key levels to watch out:
| R3 | 1.41143 |
| R2 | 1.40837 |
| R1 | 1.40633 |
| Daily Pivot | 1.40327 |
| S1 | 1.40123 |
| S2 | 1.39817 |
| S3 | 1.39613 |