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USD/CAD

US Dollar / Canadian Dollar

Current Rate

1.3621

Daily Change

+0.00%

Trend

Bearish

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Technical Overview

USD/CAD is showing bearish momentum with price trading below the 20-day moving average. The pair has broken below 1.3700 support and is testing the 1.3650 level. If this support breaks, further downside towards 1.3600 is likely. The RSI is at 38, indicating bearish momentum.

Fundamental Context

The Canadian Dollar is closely tied to oil prices as Canada is a major oil exporter. Bank of Canada (BoC) monetary policy, Canadian economic data, and US-Canada trade relations influence CAD. The USD side is driven by Federal Reserve policy. Oil price movements often have an inverse relationship with USD/CAD.

Key Price Levels

1.3700

Resistance - Previous support

1.3650

Current price - Testing support

1.3600

Next support - Psychological level

1.3550

Major support - 2024 low

1.3750

Major resistance - 50-day MA

What to Watch Today

•Crude oil prices (WTI and Brent)
•Bank of Canada interest rate decisions
•Canadian employment and inflation data
•US Federal Reserve policy announcements
•NAFTA/USMCA trade developments
•Canadian GDP and trade balance figures

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