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)
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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 |
