Market Conditions for USDCAD as at Mar 31, 2020
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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 1.4061 Canadian Dollar at the end of the New York trading session on Tuesday, -0.73% less than at the previous close.
Technical Analysis Summary for March 31, 2020
Though the forex pair is currently in a short-term downtrend, this could just be a correction, as both the medium and long-term trends are still bullish. Tuesday's trading range has been 337 pips (2.38%), that's above the last trading month's daily average range of 233 pips. Selling might speed up should prices move below the close-by swing low at 1.3921 where further sell stops could get triggered.
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