Market Conditions for USDCAD as at Oct 23, 2020
Loading Market Conditions for USDCAD (US Dollar/Canadian Dollar)...
Last 30 Days:
Support & Resistance
Multi Time Period Price Performance for US Dollar/Canadian Dollar
US Dollar/Canadian Dollar ProfileThe US Dollar/Canadian Dollar (USD/CAD) currency pair, also known as the Loonie is a Forex (FX) currency pair traded in foreign exchange spot transactions around the globe. USD is the base currency and CAD is the quote currency, meaning that 1 US Dollar was worth 1.3124 Canadian Dollar at the end of the New York trading session on Friday, -0.10% less than at the previous close.
Technical Analysis Summary for Oct. 23, 2020
Though the market is experiencing a short-term uptrend, this could just be a correction, as both the medium and long-term trends are still bearish. Friday's trading range has been 51 pips (0.39%), that's below the last trading month's daily average range of 67 pips. Buying might speed up should prices move above the close-by swing high at 1.3177 where further buy stops could get activated.
Looking for CADUSD instead? Click here