USDCAD Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | 0.28% | 40.0 Pips | ▲ |
| Week to-date | 0.62% | 87.0 Pips | ▲ |
| September | 2.7% | 374.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 10:00 PM | USD | HIGH | ISM Manufacturing PMI |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (1-mth) |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (12-mth) |
| Fri 08:30 PM | USD | HIGH | Nonfarm Payroll Employment |
What can we expect from USDCAD today?
Today, the USDCAD pair is showing a bullish daily outlook, with a recent close at 1.42280, marking a 0.28% increase. The pair remains above the 9-day EMA, suggesting continued upward momentum.
📈 Bull Scenario A bullish scenario for USDCAD could be triggered if the pair breaks above the daily high of 1.42360. Traders should watch for a move towards the first resistance level (R1) at 1.42587, with further gains potentially targeting the second resistance level (R2) at 1.42893. | 📉 Bear Scenario Conversely, a bearish scenario may unfold if USDCAD falls below the daily pivot of 1.42053. In this case, the first support level (S1) at 1.41747 could be tested, with a further decline possibly reaching the second support level (S2) at 1.41213. |
Key levels to watch out:
| R3 | 1.43427 |
| R2 | 1.42893 |
| R1 | 1.42587 |
| Daily Pivot | 1.42053 |
| S1 | 1.41747 |
| S2 | 1.41213 |
| S3 | 1.40907 |