Chart of price change USD/CAD
Currency pair USDCAD includes two currencies: US dollar and Canadian dollar. This pair is included in the top ten pairs in the Forex market. USD is the most known world currency, which is subject to the comprehensive influence of various factors, keep track of which is not the easiest task. Therefore, it is necessary to use Forex calendar more precisely to predict changes of dollar price. CAD is a commodity currency, which is subjected to a great influence of oil. Therefore, to foresee a change of this currency rate rather simply. Usually, this couple is chosen by traders who trade on the news and have the opportunity to learn how the oil prices change timely.
Economic news
The dollar on Thursday edged back from a two-year peak hit the prior session after the Federal Reserve signaled a much slower pace of rat...
The dollar gained against European peers on Wednesday ahead of a highly anticipated reading of U.S. inflation, also boosted by a Reuters report Chi...
The Canadian dollar is expected to recoup only a small fraction of its recent losses over the coming year as the threat of U.S. trade tariffs hampe...
Asian stocks fell on Wednesday and currencies were volatile as investors fretted over whether other countries could be targeted for tariffs under i...
The U.S. dollar consolidated against its major peers on Wednesday as investors weighed President-elect Donald Trump's tariff pledges, while awa...
The Canadian dollar is forecast to extend its recovery against its U.S. counterpart in the coming year as lower borrowing costs bolster economic gr...
Monthly CPI (Australia): CPI rose 3.8% YoY to June 2024, down from 4% in May. Key driver: easing transport costs (4.2% vs. 4.9% in May). BOJ Intere...
German Prelim CPI m/m: Germany’s inflation rate came in at 2.3% YoY, following a provisional CPI increase of 0.3% MoM. The Harmonised I...
Brokers' Analytics
The USDCAD pair is confidently rising, with the US dollar in demand as the majority of votes favour Trump. More details in our analysis for 6 November 2024. USDCAD forecast: key...
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 4 - 8 November 2024. EURUSD forecast The E...
The USDCAD rate is rising, reaching the upper boundary of a long-term range. Discover more in our analysis for 30 October 2024. USDCAD forecast: key trading points&nbs...
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 29 October - 1 November 2024. EURUSD forecast T...
The US consumer price index at last year’s level and the rest of the fundamental data package may further drive the USDCAD pair. Discover more in our analysis for 11 September ...
The USDCAD pair has been on an upward trend. The Canadian dollar is pressured by weak forecasts for commodity exports and currency inflows. Discover more in our analysis fo...
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 2-6 September 2024. EURUSD forecast The EU...
The USDCAD rate has declined for the fourth consecutive session, with buyers holding the rate above the key 1.3600 support level. Find out more in our analysis dated 21 Aug...
Using a currency pair USDCAD in trading, it will be useful for a trader to watch the behavior of such trading instruments as EURUSD, GBPUSD and USDJPY. As it is possible to call these trading instruments, indicators of USDCAD pair price movement as their change influences the national currency rate of Canada.
Trading this currency pair, it is worth paying attention to already accurately created levels, which are a reference point for traders when carrying out the analysis. Similar historical levels serve the trader as the good help for determination of points of the opening of an order. It should be noted that active rate movement on this currency pair is reached at the American trading session, it is caused by that Canada and the United States of America live practically on one time and between them are established rather close commercial ties.