USDCAD on Thursday rose 0.16% to 1.32283. What we know.

USDCAD on Thursday rose 0.16% to 1.32283. What we know.

USDCAD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday 0.16% 21.3 Pips
Week to-date -0.27% -35.4 Pips
December -2.45% -332.6 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 Thursday rose 0.16% to 1.32283. Price is below 9-Day EMA while Stochastic is rising in oversold zone.

Updated daily direction for USDCAD looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 1.32499 with break above could target R2 at 1.32716 or figure level area. While towards the downside, we are looking at daily low of 1.31770 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.32351 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 1.3308
R2 1.32716
R1 1.32499
Daily Pivot 1.32135
S1 1.31918
S2 1.31554
S3 1.31337

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