USDCAD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.15% | 20.2 Pips |  |
||
| Week to-date | 0.08% | 11 Pips | |
||
| April | 0.08% | 11 Pips | |
||
Upcoming key events (London Time)
Fri 01:30 PM CAD Net Change in Employment
Fri 01:30 PM USD Nonfarm Payroll Employment
What happened lately
🇺🇸 U.S. Challenger Job Cuts in March rose to 90.309K compared to previous figure 84.638K in February
Latest from X (Twitter)
What can we expect from USDCAD today?
USDCAD on Thursday rose 0.15% to 1.35480. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCAD looks mixed as the pair is likely to consolidate above 1.34944 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.35589 or trades above daily pivot 1.35266. Break above could target R1 at 1.35803. While to the downside, we are looking at 1.34944 (S1) and daily low of 1.34730 as support levels. USDCAD need to break on either side to indicate a short-term bias. A break above 1.35589 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 | 1.36662 |
| R2 | 1.36125 |
| R1 | 1.35803 |
| Daily Pivot | 1.35266 |
| S1 | 1.34944 |
| S2 | 1.34407 |
| S3 | 1.34085 |
