USDCAD Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | -0.06% | -9.0 Pips | ▼ |
| Week to-date | 0.55% | 78.0 Pips | ▲ |
| October | -0.06% | -9.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| 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?
USDCAD is experiencing a mixed daily outlook with a slight decline of 0.06%, closing at 1.42190. The pair remains above its 9-day EMA, indicating potential bullish momentum, while the stochastic indicator is rising in the overbought zone.
📈 Bull Scenario If USDCAD manages to break above the daily pivot of 1.42333, it could target the first resistance level (R1) at 1.42477. Further bullish momentum might see the pair testing the second resistance level (R2) at 1.42763, especially given the weekly bullish outlook. | 📉 Bear Scenario A bearish scenario could unfold if USDCAD falls below the support level (S1) at 1.42047. A further decline might see the pair testing the second support level (S2) at 1.41903, which could indicate a shift in the current mixed daily outlook. |
Key levels to watch out:
| R3 | 1.42907 |
| R2 | 1.42763 |
| R1 | 1.42477 |
| Daily Pivot | 1.42333 |
| S1 | 1.42047 |
| S2 | 1.41903 |
| S3 | 1.41617 |