- The USD/CAD could try the initial support at a minimum of eight months in 1,3539.
- The 14 -day RSI is maintained below 50, strengthening the bearish trend.
- The main resistance appears in the nine -day EMA of 1,3682.
The USD/CAD pair remains stable after registering losses of more than 0.50% in the previous session, quoting around 1,3650 during Friday’s Asian hours. A persistent bearish feeling prevails while the pair moves laterally within the descending channel pattern, suggested by the technical analysis of the daily graph.
The 14 -day relative force (RSI) index remains below level 50, reinforcing the bearish pressure. In addition, the USD/CAD torque has fallen below the nine -day exponential (EMA) mobile average, suggesting that the short -term impulse is weaker.
The USD/CAD torque could find main support near the minimum of eight months in 1,3539, which was recorded on June 16. A rupture below this level could weaken the impulse of the price and exert down pressure on the torque to navigate in the region around the lower limit of the descending channel about 1,3460, followed by 1,3419, the lowest since February 2024.
On the positive side, the USD/CAD torque could aim the main barrier in the nine -day EMA of 1,3682. A rupture above this level would strengthen the impulse of the short -term price and support the torque to approach the upper limit of the descending channel around 1,3780, followed by the 50 -day EMA in 1,3803. Additional advances would improve the impulse of the medium term price and lead to the torque to prove the maximum of two months of 1,4016, which was reached on May 13.
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 Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.06% | 0.04% | 0.01% | 0.02% | 0.10% | -0.01% | 0.11% | |
| EUR | -0.06% | -0.08% | -0.07% | -0.06% | 0.00% | -0.22% | -0.01% | |
| GBP | -0.04% | 0.08% | 0.04% | -0.01% | 0.08% | -0.09% | 0.16% | |
| JPY | -0.01% | 0.07% | -0.04% | -0.01% | 0.07% | -0.22% | 0.15% | |
| CAD | -0.02% | 0.06% | 0.01% | 0.00% | 0.11% | -0.16% | 0.13% | |
| Aud | -0.10% | -0.01% | -0.08% | -0.07% | -0.11% | -0.22% | 0.08% | |
| NZD | 0.01% | 0.22% | 0.09% | 0.22% | 0.16% | 0.22% | 0.29% | |
| CHF | -0.11% | 0.01% | -0.16% | -0.15% | -0.13% | -0.08% | -0.29% |
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.
