USDCAD by TradingView
| Thursday | |||
| Open | High | Low | Close |
| 1.33912 | 1.34791 | 1.33540 | 1.34684 |
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.57% | 76.4 Pips |  |
||
| Week to-date | 0.95% | 126.4 Pips |  |
||
| February | 1.23% | 163.3 Pips | |
||
Upcoming key events (London Time)
No further events
What happened lately
📆 🇺🇸 USD Philadelphia Fed Manufacturing Survey in February below forecast and dropped to -24.3 points compared to previous figure -8.9 points in January. Source 📆 ☢️ 🇺🇸 USD Retail Sales Control Group in January exceed forecast and rose to 1.7% compared to previous figure -0.7% in December. Source 📆 ☢️ 🇺🇸 USD Consumer Price Index ex Food & Energy (YoY) in January exceed forecast and dropped to 5.6% compared to previous figure 5.7% in December. Source
What can we expect from USDCAD today?
USDCAD on Thursday rose 0.57% to 1.3468. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCAD looks bullish as the pair ended higher after Thursday trading session.
Looking ahead for the day, immediate upside resistance level is at 1.35137 (R1) while on the downside, we are looking at daily low of 1.3354 as an important support. Break below this level could weaken the current bullish momentum. USDCAD need to break on either side to indicate a short-term bias. A break above 1.3479 would suggest bullish bias after recent positive movement.
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 | 1.36388 |
| R2 | 1.35589 |
| R1 | 1.35137 |
| Daily Pivot | 1.34338 |
| S1 | 1.33886 |
| S2 | 1.33087 |
| S3 | 1.32635 |
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New Residential Construction Source: Census Bureau Manufacturing and Trade Inventories and Sales Source: Census Bureau Advanced Monthly Sales for Retail and Food Services Source: Census Bureau
Monthly Survey of Manufacturing, December 2022 Source: Statistics Canada CPI for all items rises 0.5% in January as shelter increases Source: Bureau of Labor Statistics Publications International trade in environmental and clean technology products by origin and destination, 2021 Source: Statistics Canada Annual Survey of Manufacturing Industries, 2021 Source: Statistics Canada
Last updated: 11:36 pm UTC, 16-Feb 2023
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