USDCAD by TradingView
| Monday | |||
| Open | High | Low | Close |
| 1.34800 | 1.34943 | 1.34380 | 1.34504 |
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.17% | -22.9 Pips |  |
||
| Week to-date | -0.17% | -22.9 Pips | |
||
| February | 1.09% | 145.3 Pips |  |
||
Upcoming key events (London Time)
Tue 01:30 PM CAD BoC Consumer Price Index Core (YoY) Tue 01:30 PM CAD Retail Sales (MoM)
Wed 07:00 PM USD FOMC Minutes
What happened lately
No major activities.
What can we expect from USDCAD today?
USDCAD on Monday dropped -0.17% to 1.3450. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCAD looks mixed as the pair is likely to consolidate above 1.34275 (S1).
Looking ahead today, we are looking at 1.3537 or 1.34838 (R1) as important resistance level while to the downside, the daily low of 1.3438 and 1.34275 (S1) as key support levels. USDCAD need to break on either side to indicate a short-term bias. A close below 1.3438 would indicate selling pressure.
For the week to-date, take note that USDCAD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
| R3 | 1.35401 |
| R2 | 1.35172 |
| R1 | 1.34838 |
| Daily Pivot | 1.34609 |
| S1 | 1.34275 |
| S2 | 1.34046 |
| S3 | 1.33712 |
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Annual retail trade, 2021 Source: Statistics Canada
Last updated: 11:36 pm UTC, 20-Feb 2023
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