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- USD/CAD might discover preliminary resistance at its six-week high of 1.4016.
- The 14-day RSI stays a little above 50, suggesting ongoing bullish predisposition.
- The instant assistance appears at the nine-day EMA of 1.3936.
The USD/CAD set is losing ground after signing up gains in the previous session, trading around 1.3950 throughout the European hours on Monday. The day-to-day chart’s technical analysis recommended a continual bullish belief, as the set continues to trade within the rising channel pattern.
The 14-day Relative Strength Index (RSI) stays simply above 50, suggesting ongoing bullish pressure. Furthermore, the USD/CAD set is likewise staying above the nine-day Exponential Moving Typical (EMA), indicating more powerful short-term momentum.
The USD/CAD set might experience resistance at its six-week high of 1.4016, which was reached on Might 13, followed by the 50-day Exponential Moving Typical (EMA) at 1.4023. A break above this important resistance zone might enhance the medium-term rate momentum and support the set to evaluate the upper limit of the rising channel around 1.4100.
On the drawback, the USD/CAD set might discover instant assistance at the nine-day EMA of 1.3936, followed by the rising channel’s lower limit around the mental level of 1.3900. A break listed below this important assistance zone would compromise the short-term rate momentum and support the set to browse the area around the seven-month low of 1.3750, last seen on Might 6.
USD/CAD: Daily Chart
Canadian Dollar Cost Today
The table listed below programs the portion modification of Canadian Dollar (CAD) versus noted significant currencies today. Canadian Dollar was the greatest versus the United States Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.78% | -0.54% | -0.26% | -0.13% | -0.33% | -0.18% | -0.35% | |
| EUR | 0.78% | -0.01% | 0.34% | 0.49% | 0.34% | 0.43% | 0.20% | |
| GBP | 0.54% | 0.01% | 0.06% | 0.50% | 0.35% | 0.44% | 0.21% | |
| JPY | 0.26% | -0.34% | -0.06% | 0.14% | 0.09% | 0.28% | -0.04% | |
| CAD | 0.13% | -0.49% | -0.50% | -0.14% | -0.20% | -0.06% | -0.29% | |
| AUD | 0.33% | -0.34% | -0.35% | -0.09% | 0.20% | 0.09% | -0.13% | |
| NZD | 0.18% | -0.43% | -0.44% | -0.28% | 0.06% | -0.09% | -0.23% | |
| CHF | 0.35% | -0.20% | -0.21% | 0.04% | 0.29% | 0.13% | 0.23% |
The heat map reveals portion modifications of significant currencies versus each other. The base currency is selected from the left column, while the quote currency is selected from the leading row. For instance, if you choose the Canadian Dollar from the left column and move along the horizontal line to the United States Dollar, the portion modification showed in package will represent CAD (base)/ USD (quote).
Source: FXstreet.
