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
Eurozone inflation held steady as expected in April. The ECB is expecting a rate cut on June 6, provided there is no surprise in wage or price deve...
The yen dropped against the dollar yesterday quite heavily, wiping out some recent gains sparked by suspected intervention by Japanese authorities....
The Bank of Japan (BOJ) kept interest rates steady on Friday and highlighted that inflation was on track to durably hit its target of 2% in coming ...
U.S. economic growth (GDP change) slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure...
Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointin...
Winners vs Losers AUDJPY is on the top of the weekly list of gainers with 1.57% gains. Silver re-gained some of the performance yesterday reaching ...
U.K.’s retail sales growth was reported at 0% in March despite high inflation easing recently, representing the first time that they have not...
Australian employment fell in March after an enormous gain the month before, while the jobless rate resumed its uptrend. Net employment dropped 6,6...
Brokers' Analytics
GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD has gained a foothold above the upper boundary of the descending channel. The pair is going above the Ichimoku Cloud, whi...
GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is preparing to break the resistance level. The instrument is going inside the Ichimoku Cloud, which suggests a flat tren...
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes and the RSI remain in the overbought areas on D1. In this situation, the price is expected to test the +2/8 (156.25) lev...
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the Kijun-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test ...
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes and the RSI are in the overbought areas on D1. In this situation, the price is expected to test the +2/8 (156.25) level,...
USDCAD, “US Dollar vs Canadian Dollar” USDCAD is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an up...
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after a rebound from the support level. The instrument is going below the Ichimoku Cloud, which suggests a...
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the support level. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. ...
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.