USDCAD Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | 0.2% | 28.0 Pips | ▲ |
| Week to-date | -0.05% | -7.0 Pips | ▼ |
| September | -0.17% | -24.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate (1-mth) |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate (12-mth) |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate excluding Food and Energy sectors (1-mth) |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate excluding Food and Energy sectors (12-mth) |
| Fri 10:00 PM | USD | HIGH | Index of Consumer Sentiment |
What can we expect from USDCAD today?
USDCAD is showing a bullish daily outlook with a 0.2% increase, closing at 1.38300. The pair’s performance for the week remains slightly negative, with a mixed weekly outlook.
If USDCAD continues its upward momentum, a break above the daily high of 1.38390 could trigger further bullish activity. Traders should watch for resistance levels at R1: 1.38487 and R2: 1.38673, which could be potential targets if the bullish trend persists.
On the downside, if the pair fails to maintain its current levels, a move below the daily pivot of 1.38203 could signal a bearish scenario. In this case, support levels to monitor are S1: 1.38017 and S2: 1.37733, where the pair might find buying interest.
📈 Bull Scenario Watch resistance levels R1 and R2 for bullish continuation. | 📉 Bear Scenario Watch support levels S1 and S2 for bearish breakdown. |
Key levels to watch out:
| R3 | 1.38957 |
| R2 | 1.38673 |
| R1 | 1.38487 |
| Daily Pivot | 1.38203 |
| S1 | 1.38017 |
| S2 | 1.37733 |
| S3 | 1.37547 |