USDCAD: Bulls Targeting Higher ResistanceUSDCAD: Bulls Targeting Higher Resistance
USDCAD is showing bullish momentum after bouncing from recent lows.
The price is now heading upward, aiming first for the resistance area around 1.3882.
If this level breaks and holds, the next target lies near 1.3920, which is a stronger resistance zo
About Canadian Dollar / U.S. Dollar
The Canadian dollar is the official currency of Canada. The Canadian dollar is symbolized by $, or C$, CA$ or CAD$. The Canadian dollar is the fifth most held currency in the world, at nearly US$119 billion.1) The currency code for the Canadian dollar is CAD, and the dollar itself is made up of 100 cents. The Canadian dollar is often considered a commodity currency due to the large deposits of natural resources, especially oil that is exported from Canada. The Canadian dollar is often nicknamed loonie, for the image of a loon on its one-dollar coins, and is controlled by the Central Bank of Canada.
Related currencies
Lingrid | USDCAD Sideways Market Long Opportunity FX:USDCAD has been trading within a clear sideways channel after facing strong rejection from the resistance zone near 1.3925. Price has since formed a lower high and dipped into the 1.3764–1.3693 support region, where buyers are attempting to stabilize. A bounce from this demand area could fuel a
USDCAD Could continue higherBuyers managed to break price above the key resistance zone, showing strong conviction as they pushed through the area with strength.
If price pulls back into the broken level and buyers successfully defend it, holding above and rejecting downside attempts, that becomes our long confirmation. The
USDCAD – Head & Shoulders Pattern with Trendline BreakOn the 4H chart of USDCAD, a potential Head & Shoulders formation is visible, with the left shoulder, head, and right shoulder already marked. Price has also broken below the rising trendline, suggesting a possible bearish structure shift.
Key points:
Head & Shoulders pattern completed.
Trendline
USDCAD Bounce back showing bullish consolidation momentumUSDCAD is currently showing bullish consolidation momentum after bouncing from recent lows. The pair is trending upward with an initial If the price holds above recent support and continues to maintain upward structure, buyers are likely to stay in control, favouring further upside toward the 1.3880
Lingrid | USDCAD Short at Resistance Following Rejection SignalThe price perfectly fulfilled my previous idea . FX:USDCAD rebounded strongly from the double bottom around 1.3700 and is now climbing within an upward channel. The structure shows lower highs capped by the red resistance trendline, while buyers attempt to sustain momentum toward 1.3868–1.3924 re
USDCAD: Impulse Wave Points to Higher LevelsUSD/CAD Price is showing the early stages of a bullish (C) leg after a large corrective sequence. The chart labels show a completed corrective (B) low at the horizontal support and an impulsive 1–2 sequence unfolding for the new upward leg. Bias: bullish while price holds above the demand zone/wave-
Monday 22 Sep Mapping for USDCAD : positioning for bearish moveWe observed strong bearish candle on Friday (bearish engulfing candle).
Today during Asian session we observed the price doing a healthy retracement.
I'm expecting the price to touch H1 Fair Value Gap area before dive for another bearish movement.
This is my mapping for USDCAD today for my future r
Bullish bounce off major support?The Loonie (USD/CAD) is reacting off the pivot, which acts as an overlap support and could bounce to the 1st resistance, which is an overlap resistance that is slightly below the 50% Fibonacci retracement.
Pivot: 1.3755
1st Support: 1.3568
1st Resistance: 1.4015
Disclaimer:
The above opinions gi
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Strong sellStrong buy
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Oscillators
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of CADUSD is 0.7167 USD — it has decreased by −0.03% in the past 24 hours. See more of CADUSD rate dynamics on the detailed chart.
The value of the CADUSD pair is quoted as 1 CAD per x USD. For example, if the pair is trading at 1.50, it means it takes 1.5 USD to buy 1 CAD.
The term volatility describes the risk related to the changes in an asset's value. CADUSD has the volatility rating of 0.11%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADUSD showed a −1.02% fall over the past week, the month change is a −0.78% fall, and over the last year it has decreased by −3.42%. Track live rate changes on the CADUSD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
CADUSD is a major currency pair, i.e. a popular currency paired with USD.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CADUSD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with CADUSD technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the CADUSD shows the strong sell signal, and 1 month rating is sell. See more of CADUSD technicals for a more comprehensive analysis.