- USD/CAD Try the upper rectangle limit around 1,3780.
- Market prospects are bullish since the 14 -day RSI remains above level 50.
- The main support appears in the 50 -day EMA of 1,3738.
The USD/CAD stops its four -day streak, quoting around 1,3770 during Wednesday’s Asian hours. The technical analysis of the daily chart suggests that the pair moves laterally inside the rectangular pattern, indicating a neutral bias at stake.
However, the 14 -day relative force index (RSI) remains above level 50, indicating an upward perspective. In addition, the USD/CAD torque is maintained above the nine -day exponential mobile average (EMA), suggesting that the impulse of the short -term price is stronger.
The USD/CAD torque is testing the upper rectangle limit around 1,3780, followed by the maximum of two months of 1,3798, which was recorded on June 23. A rupture above this resistance zone could cause the appearance of the bullish bias and support the torque to approach to the maximum of three months of 1,4016, which was reached on May 13.
Down, the USD/CAD torque could find the main support in the 50 -day EMA of 1,3738, followed by the nine -day EMA in 1,3713. A rupture below these levels could weaken the impulse of the price in the short and medium term and exert down pressure on the torque to navigate in the region around the lower limit of the rectangle in 1,3560, aligned with the minimum of nine months of 1,3539.
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 Australian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.05% | -0.02% | -0.21% | -0.01% | 0.03% | -0.11% | -0.07% | |
| EUR | 0.05% | 0.06% | -0.24% | 0.01% | 0.04% | -0.06% | 0.02% | |
| GBP | 0.02% | -0.06% | -0.28% | 0.00% | 0.01% | -0.09% | -0.03% | |
| JPY | 0.21% | 0.24% | 0.28% | 0.28% | 0.31% | 0.18% | 0.21% | |
| CAD | 0.00% | -0.01% | -0.01% | -0.28% | 0.04% | -0.10% | -0.02% | |
| Aud | -0.03% | -0.04% | -0.01% | -0.31% | -0.04% | -0.10% | -0.05% | |
| NZD | 0.11% | 0.06% | 0.09% | -0.18% | 0.10% | 0.10% | 0.07% | |
| CHF | 0.07% | -0.02% | 0.03% | -0.21% | 0.02% | 0.05% | -0.07% |
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.
