USDCAD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.13% | 17 Pips |  |
||
| Week to-date | 0.15% | 20.4 Pips |  |
||
| January | 1.37% | 181.4 Pips | |
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Tue 01:30 PM CAD CPI Inflation Rate (12-mth)
Wed 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
No major activities.
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What can we expect from USDCAD today?
USDCAD on Monday rose 0.13% to 1.34240. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCAD looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.34554 with break above could target R2 at 1.34868 or figure level area. While towards the downside, we are looking at daily low of 1.33780 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.34481 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCAD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 1.35255 |
| R2 | 1.34868 |
| R1 | 1.34554 |
| Daily Pivot | 1.34167 |
| S1 | 1.33853 |
| S2 | 1.33466 |
| S3 | 1.33152 |
