USDCAD on Tuesday rose 0.65% to 1.33224. What happened.

USDCAD on Tuesday rose 0.65% to 1.33224. What happened.

USDCAD Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.65% 86.4 Pips
Week to-date 0.58% 76.4 Pips
January 0.56% 74 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

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What can we expect from USDCAD today?

USDCAD on Tuesday rose 0.65% to 1.33224. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 1.33626 with break above could target R2 at 1.34028 or figure level area. While towards the downside, we are looking at daily low of 1.32250 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.33340 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCAD is bullish as the pair continued to trade higher and is up by 0.58% over the past few days.

Key levels to watch out:

R3 1.34716
R2 1.34028
R1 1.33626
Daily Pivot 1.32938
S1 1.32536
S2 1.31848
S3 1.31446

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