USDCAD Live Chart | USDCAD Live Rate | Dollar to Canadian Dollar Chart | IFCM
IFC Markets Online CFD Broker

USDCAD Live Rate - Dollar to Canadian Dollar Chart

USDCAD Live Chart

  • 1m
  • 5m
  • 15m
  • 30m
  • 1h
  • 4h
  • 1d
  • 1w
  • 1m
  • 5m
  • 15m
  • 30m
  • 1h
  • 4h
  • 1d
  • 1w

Try Trading Simulator

0
Leverage 1:100
Margin 1000
Calculation base
Status: Closed Trading
Change:
Prev. closing
Open price
Today, max.
Today, min.

USD/CAD Technical Analysis

The USDCAD technical analysis of the price chart on 4-hour timeframe shows USDCAD,H4 is rebounding after testing the 200-period moving average MA(200) which is rising itself. We believe the bullish movement will continue after the price rises above 1.43908. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.42982. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - USD/CAD

Canadian Consumer Price Index declined in December. Will the USDCAD price rebounding persist?

Canada’s statistics agency Statistics Canada reported that Canada’s consumer price inflation (CPI) Consumer Price Index (CPI) decline 0.4% on monthly basis in December, after no change in November when 0.7% drop was expected. The annual inflation rate remained steady at 2.0% when a tick down to 1.9% was forecast. Bank of Canada two main measures both dipped— the median consumer prices index went down two ticks to 2.4% from 2.6% in November, and the trimmed consumer prices index came down to 2.5% over year from 2.6%. However, the Statistics Canada states that inflation measures declined mainly due to sales-tax related cuts and expect they will reverse over the next two months, and they anticipate the Bank of Canada will cut interest rates next week. Expectations of interest rate cut are bearish for Canadian dollar and bullish for USDCAD pair.

IndicatorSignal
RSI Neutral
MACD Sell
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy
Learn more

USD CAD News

Canadian Dollar (Loonie) Weakens Despite Oil Price Increase

Canadian Dollar (Loonie) Weakens Despite Oil Price Increase

Loonie decreased slightly against its US dollar on Thursday,...

14/6/2024
Close support
Call to WhatsApp Call to telegram Call Back