- The USD/CAD proves the main barrier in the nine -day EMA of 1,4362.
- The feeling of the market remains neutral while the torque is consolidated within a rectangular pattern.
- The psychological level of 1,4300 appears as the initial support.
The USD/CAD torque ends its four -day loss streak, quoting around 1,4350 during the European session on Monday. The technical analysis of the daily chart suggests uncertainty between buyers and vendors with respect to the long -term direction of the asset, since the torque is consolidated within a rectangular pattern.
However, the USD/CAD torque remains below the exponential mobile socks (EMAS) of nine and 14 days, underlining the bearish feeling and indicating a weak action of the short -term price. This positioning reflects a continuous sales interest and suggests greater downward risks.
In addition, the 14 -day relative force index (RSI) remains below the 50 -mark, indicating a continuous negative momentum and reinforcing the bearish perspective.
Down, the immediate support appears at the psychological level of 1,4300, followed by the lower threshold of the rectangle in 1,4280. A rupture below this support zone could strengthen the bassist bias and exert down pressure over the USD/CAD torque, potentially pushing it towards the psychological level of 1,4200.
The USD/CAD torque finds initial resistance in the nine -day EMA of 1,4362, followed by the 14 -day EMA in 1,4373. A rupture above these levels could improve the short -term price momentum and support the torque to test the upper threshold of the rectangle in 1,4520.
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 weakest currency against pound sterling.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.16% | -0.04% | 0.58% | 0.36% | 0.04% | 0.14% | 0.17% | |
| EUR | -0.16% | -0.13% | 0.55% | 0.32% | -0.12% | 0.07% | 0.09% | |
| GBP | 0.04% | 0.13% | 0.51% | 0.42% | 0.01% | 0.21% | 0.22% | |
| JPY | -0.58% | -0.55% | -0.51% | -0.27% | -0.48% | -0.44% | -0.41% | |
| CAD | -0.36% | -0.32% | -0.42% | 0.27% | -0.29% | -0.24% | -0.23% | |
| Aud | -0.04% | 0.12% | -0.01% | 0.48% | 0.29% | 0.19% | 0.21% | |
| NZD | -0.14% | -0.07% | -0.21% | 0.44% | 0.24% | -0.19% | 0.00% | |
| CHF | -0.17% | -0.09% | -0.22% | 0.41% | 0.23% | -0.21% | -0.01% |
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.
