- The USD/CAD torque could test the barrier at a minimum of six months of 1,3781.
- The torque is testing the psychological level of 1,3800, followed by the minimum of six months of 1,3781.
- A rupture above the nine -day EMA of 1,3845 could improve the impulse of short -term prices.
The USD/CAD pair goes back its earnings recorded in the previous session, quoting around 1,3810 during the first European hours on Friday. However, the technical analysis in the daily chart suggests a possible upward change in the feeling of the market, since the Par tries to break over the descending channel pattern.
In addition, the 14 -day relative force (RSI) index remains above the 30 mark, indicating a continuous bearish bias, although not in overall territory. The additional price action will provide a clearer tendency direction. The USD/CAD pair also continues to quote below the nine -day exponential mobile average (EMA), pointing out a weak short -term impulse.
Down, the USD/CAD torque is testing the psychological level of 1,3800, followed by the minimum of six months of 1,3781, lasting on April 21, which is aligned with the upper limit of the descending channel. A decisive return to the channel would rekindle the bearish bias and put pressure down the torque to navigate in the region around 1,3419 – its lowest point since February 2024, with additional support seen around the lower limit of the descending channel near the area of ​​1.33.50.
The USD/CAD torque could find an initial barrier in the nine -day EMA of 1,3845. A rupture above this area of ​​crucial resistance would improve the impulse of short -term prices and indicate a change towards a bullish bias, racing the way for a movement towards the 50 -day Ema in 1,4077, followed by a maximum of two months in 1,4415. Additional gains could point to the following important resistance in 1,4793 – the lowest level observed since April 2003.
USD/CAD: Daily graph
Canadian dollar today
The lower table shows the change percentage of the Canadian dollar (CAD) compared to the main currencies today. Canadian dollar was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.32% | -0.27% | -0.16% | -0.31% | -0.54% | -0.57% | -0.22% | |
| EUR | 0.32% | 0.05% | 0.18% | 0.01% | -0.20% | -0.22% | 0.10% | |
| GBP | 0.27% | -0.05% | 0.14% | -0.04% | -0.25% | -0.27% | 0.05% | |
| JPY | 0.16% | -0.18% | -0.14% | -0.16% | -0.38% | -0.41% | -0.05% | |
| CAD | 0.31% | -0.01% | 0.04% | 0.16% | -0.24% | -0.24% | 0.09% | |
| Aud | 0.54% | 0.20% | 0.25% | 0.38% | 0.24% | -0.02% | 0.31% | |
| NZD | 0.57% | 0.22% | 0.27% | 0.41% | 0.24% | 0.02% | 0.33% | |
| CHF | 0.22% | -0.10% | -0.05% | 0.05% | -0.09% | -0.31% | -0.33% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Canadian dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the CAD (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
