USD/CAD is broadly channeling higher on the daily chart as the US Dollar (USD) steadily appreciates against the Canadian Dollar (CAD).
USD/CAD is steadily channeling higher on US Dollar strength. Underneath price lie the three most important Moving Averages providing a safety net. Price is marginally biased to continue rising within the bullish channel. USD/CAD is broadly channeling higher on the daily chart as the US Dollar steadily appreciates against the Canadian Dollar . The range stretches from around the 1.3600s to the 1.3400s at the moment, although it is incrementally slanting higher.
Given the bullish slant to the channel there is a slight but not significant bias for more upside and the pair could rise to the top of the channel at roughly 1.3675. Clustering just beneath price action around the 1.3500 level are the three most important Moving Averages – the 50, 100 and 200-day . These are key because they are not only followed by private investors but also institutional players.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD Price Analysis: Approaches 1.3600 as US Dollar advances on solid US economic outlookThe USD/CAD pair rises to 1.3570 in Friday’s European session on a buoyant US Dollar.
Read more »
USD/CAD Price Analysis: Finds support near 1.3500 as Oil price edge downThe USD/CAD pair discovers a temporary support near the psychological support of 1.3500 in the European session on Monday.
Read more »
USD/CAD Price Analysis: Moving lower within channelUSD/CAD is in a steady short-term uptrend, with the exchange rate rising within an ascending channel.
Read more »
USD/CAD Price Analysis: Rises above 1.3550 ahead of Canadian CPI, Fed policyThe USD/CAD pair jumps to 1.3550 in Tuesday’s European session after breaking above the two-day consolidation formed in a range of 1.3510-1.3550.
Read more »
USD/CAD Price Analysis: Stabilizes above 1.3500 ahead of Canada Inflation, Fed policyThe USD/CAD pair seems comfortable above the psychological resistance of 1.3500 in the European session on Monday.
Read more »
USD/CAD Price Analysis: Reaches higher to near 1.3480 ahead of nine-day EMAUSD/CAD retraces its recent losses from the previous session, edging upwards to near 1.3480 during Thursday's European session.
Read more »