USDCAD Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | 0.25% | 35.0 Pips | ▲ |
| Week to-date | 1.05% | 147.0 Pips | ▲ |
| September | 2.02% | 280.0 Pips | ▲ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from USDCAD today?
USDCAD is showing a bullish daily outlook, closing at 1.41340 with a 0.25% gain. The pair remains above the 9-day EMA, suggesting continued upward momentum.
📈 Bull Scenario A bullish scenario could unfold if USDCAD breaks above the daily high of 1.41490. Traders should watch for a move towards the first resistance level (R1) at 1.416, with further gains potentially targeting the second resistance level (R2) at 1.4186. | 📉 Bear Scenario A bearish scenario might develop if USDCAD falls below the daily pivot at 1.4123. In this case, the first support level (S1) at 1.4097 could be tested, with a further decline possibly reaching the second support level (S2) at 1.406. |
Key levels to watch out:
| R3 | 1.4223 |
| R2 | 1.4186 |
| R1 | 1.416 |
| Daily Pivot | 1.4123 |
| S1 | 1.4097 |
| S2 | 1.406 |
| S3 | 1.4034 |