- Trading
- Instrument Specifications
- Currency Pairs
- USD / CAD Investing
Canadian Dollar Trading - FX USD CAD
USD/CAD Forex Trading Conditions
| Options | Standard-Fixed & Floating | Beginner-Fixed & Floating | Demo-Fixed & Floating |
|---|---|---|---|
| Fixed spread, pip | 3 | 3 | 3 |
| Floating Spread, pip | 0.5 | 0.5 | 3 |
| Order distance, pip | 6 | 6 | 6 |
| Swap, pip (Long/Short) | -0.04 / -0.91 | -0.04 / -0.91 | -0.04 / -0.91 |
| Digits | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | >=10000.00 USD | 100.00 – 100000.00 USD | >=100.00 USD |
| Contract size | -/- | -/- | -/- |
|
1 pip value per 100000 | 10 CAD | 10 CAD | 10 CAD |
| Options | Standard-Fixed | Micro-Fixed | Demo-Fixed | PAMM-Fixed |
|---|---|---|---|---|
| Fixed spread, pip | 3 | 3 | 3 | 3 |
| Order distance, pip | 6 | 6 | 6 | 6 |
| Swap, pip (Long/Short) | -0.04 / -0.91 | -0.04 / -0.91 | -0.04 / -0.91 | -0.04 / -0.91 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 CAD | 10 CAD | 10 CAD | 10 CAD |
| Options | Standard-Floating | Micro-Floating | Demo-Floating | PAMM-Floating |
|---|---|---|---|---|
| Floating Spread, pip | 0.5 | 0.5 | 3 | 3 |
| Order distance, pip | 6 | 6 | 6 | 6 |
| Swap, pip (Long/Short) | -0.04 / -0.91 | -0.04 / -0.91 | -0.04 / -0.91 | -0.04 / -0.91 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 CAD | 10 CAD | 10 CAD | 10 CAD |
USD CAD Trading Hours
USD CAD trading hours are the time when investors can buy and sell USD CAD. The USD CAD is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade USD CAD during different trading hours. Depending on where you live, you may be able to trade USD CAD at any time throughout the day or night. For those who want to take advantage of these opportunities, it is important to know when USD CAD trading hours begin and end.
USD/CAD Technical Analysis
The technical analysis of the USDCAD price chart on 4-hour timeframe shows USDCAD,H4 is retracing down under the 200-period moving average MA(200) following a test of MA(200) a week ago. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 1.36315. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.36811. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - USD/CAD
Canada’s economic activity contraction was less than forecast. Will the USDCAD price continue retreating?
Canada’s economic activity contraction was less than forecast in May: the Richard Ivey School of Business reported the Ivey Purchasing Managers' Index (PMI) rose to 48.9 in May from 47.9 in April when an increase to 48.3 was expected. Readings above 50.0 indicate Canadian industry expansion, below indicate contraction. It was the second month that the economic activity shrank after a decline in January. Slower than forecast contraction in Canadian business activity is bullish for the Canadian dollar and bearish for USDCAD currency pair. However, earlier Statistics Canada reported Canada’s trade deficit rose to record high of CA$7.1 billion: merchandise exports dropped 10.8% over month to CA$60.4B in April, the lowest since June 2023, while imports fell 3.5% to CA$67.58 billion. Rising trade deficit is a downside risk for Canadian dollar and upside risk for USDCAD currency pair.
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
The USD/CAD currency pair is one of the most traded currency pairs in the world, it is so popular mainly due to the large amount of cross border trading that takes place between the USA and Canada. The CAD is known as a commodity currency, as large amounts of natural resources, particularly oil, are exported to southern neighbours.
USDCAD Trading
The USDCAD currency pair is one of the most traded currency pairs in the world, it is so popular mainly due to the large amount of cross border trading that takes place between the USA and Canada. The CAD is known as a commodity currency, as large amounts of natural resources, particularly oil, are exported to southern neighbours. This pair presents how many Canadian dollars are needed to trade USDCAD. For a deeper understanding how to trade currency pairs, for example USDCAD, you will need to know about bid and ask, pips and more, we suggest to start from basics "What is Forex Trading".
Trade Currency Pairs and discover the benefits of Forex trading with IFC Markets
Currency Pair USDCAD | Forex | Major
The US dollar (USD, “Greenback”) is the most widely traded currency in the world. The issuer is the Federal Reserve System(the Fed).
- Is the most popular reserve currency, held by central banks, financial institutions and private investors
- Is considered as a “safe haven” currency in periods of instability due to universally recognized reliability of the US economy
- Is used as a standard payment unit in commodity markets
