USD/CAD Live News

This page provides live coverage and news analysis on the USD/CAD currency pair

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May. 28, 2024

US Dollar-Canadian Dollar currency pair adds 16 pips or 0.12%

Live - Updated 652 minutes ago.

After ending the previous trading day at 1.363, US Dollar-Canadian Dollar went up to 1.3655 only to drop back; still positive overall today, now trading at 1.3647.

USD/CAD's upper Bollinger Band® is at 1.3728, this is a slight indication of a slowdown. Despite this, US Dollar-Canadian Dollar made an initial breakout above its 10 day Simple Moving Average at 1.3647, a potential indicator of a newly emerging bullish phase. Fibonacci-focused traders would be interested to note that US Dollar-Canadian Dollar is oscillating around the key Fibonacci resistance level of 1.3635.

Technical analysis suggests there could be an imminent reversal for US Dollar-Canadian Dollar.

Other currencies are also rising as USD/JPY is up 0.18%. EUR/JPY is up 0.2%. GBP/JPY is up 0.15% to 200.56.

Trading mostly sideways for a month. This year has been a bright one for US Dollar-Canadian Dollar after trading as low as 1.311 and going on to appreciate by 246.49% year to date.

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Week to date

Stalemate for US Dollar-Canadian Dollar bulls and bears .

A good end to the trading week, USD/CAD is up to 1.3647, after closing yesterday at zero. Overall, a 0% move or 13,646 pips this week. (Trade US Dollar-Canadian Dollar with FXTM now).