- The USD/CAD can find initial resistance at its maximum of six weeks of 1,4016.
- The 14 -day RSI remains slightly above 50, indicating a continuous bullish bias.
- The immediate support appears in the nine -day EMA of 1,3936.
He USD/CAD It is losing ground after registering profits in the previous session, quoting around 1,3950 during the European hours on Monday. The technical analysis of the daily graphic suggests a sustained bullish feeling, since the pair continues to operate within the ascending channel pattern.
The 14 -day relative force (RSI) index remains just above 50, indicating continuous bullish pressure. In addition, the USD/CAD pair is also maintained above the nine -day exponential mobile average (EMA), which points to a stronger short -term impulse.
The USD/CAD pair can find resistance at its maximum of six weeks of 1,4016, reached on May 13, followed by the 50 -day exponential mobile average (EMA) in 1,4023. A rupture above this crucial resistance zone could improve the impulse of medium -term prices and support the torque to prove the upper limit of the ascending channel around 1,4100.
Down, the USD/CAD torque can find immediate support in the nine -day EMA of 1,3936, followed by the lower limit of the upward channel around the psychological level of 1,3900. A rupture below this crucial support zone would weaken the impulse of short -term prices and support the torque to navigate in the region around the minimum of seven months of 1,3750, last seen on May 6.
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 | -0.78% | -0.54% | -0.26% | -0.13% | -0.33% | -0.18% | -0.35% | |
| EUR | 0.78% | -0.01% | 0.34% | 0.49% | 0.34% | 0.43% | 0.20% | |
| GBP | 0.54% | 0.01% | 0.06% | 0.50% | 0.35% | 0.44% | 0.21% | |
| JPY | 0.26% | -0.34% | -0.06% | 0.14% | 0.09% | 0.28% | -0.04% | |
| CAD | 0.13% | -0.49% | -0.50% | -0.14% | -0.20% | -0.06% | -0.29% | |
| Aud | 0.33% | -0.34% | -0.35% | -0.09% | 0.20% | 0.09% | -0.13% | |
| NZD | 0.18% | -0.43% | -0.44% | -0.28% | 0.06% | -0.09% | -0.23% | |
| CHF | 0.35% | -0.20% | -0.21% | 0.04% | 0.29% | 0.13% | 0.23% |
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.
