USDCAD on Wednesday rose 0.47% to 1.32860. What we know.

USDCAD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.47%	62.1 Pips
Week to-date	0.34%	44.4 Pips
July	0.33%	44.1 Pips

Upcoming key events (London Time)

Thu 01:15 PM USD ADP Non-Farm Employment Change
Thu 03:00 PM USD ISM Services PMI
Fri 01:30 PM USD Nonfarm Payroll Employment
Fri 01:30 PM CAD Net Change in Employment
Fri 01:30 PM CAD Unemployment Rate

What happened lately

No major activities.

What can we expect from USDCAD today?

USDCAD on Wednesday rose 0.47% to 1.32860. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 1.33144 with break above could target R2 at 1.33428 or figure level area. While towards the downside, we are looking at daily low of 1.32150 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.32931 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 0.34% over the past few days.

Key levels to watch out:

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