Categories
Forex

USDCAD on Monday dropped -0.36% to 1.36960. What we know.

USDCAD on Monday dropped -0.36% to 1.36960. What we know.

USDCAD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.36% -49 Pips
Week to-date -0.36% -49 Pips
April 1.17% 159 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.

Latest from X (Twitter)


What can we expect from USDCAD today?

USDCAD on Monday dropped -0.36% to 1.36960. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCAD looks bearish as the pair posted lower in Monday trading session.

Looking ahead for the day, immediate support level is at S1 1.36688 with break below could see further selling pressure towards S2 at 1.36415. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.37497 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.36820 would indicate selling pressure.

For the week to-date, take note that USDCAD is bearish as the pair posted lower by -0.36%.

Key levels to watch out:

R3 1.38042
R2 1.37769
R1 1.37365
Daily Pivot 1.37092
S1 1.36688
S2 1.36415
S3 1.36011

Leave a Reply

Your email address will not be published. Required fields are marked *