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USDCAD Live Rate - Dollar to Canadian Dollar Chart
This page includes full information about the USD/CAD, including the Dollar to Canadian dollar live chart and dynamics on the chart by choosing any of 8 available time frames.
By moving the start and end of the timeframe in the bottom panel you can see both the current and the historical price movements of the instrument. In addition, you have an opportunity to choose the type of display of the Dollar to Canadian dollar live chart – Candles or Lines chart – through the buttons in the upper left corner of the chart. All clients that have not yet decided which instrument to trade are in the right place since reading the full characteristics of the USDCAD and watching its performance on the charts will help them to make their final decision.
USDCAD Live Chart
- 1m
- 5m
- 15m
- 30m
- 1h
- 4h
- 1d
- 1w
This page includes full information about the USD/CAD, including the USD/CAD live chart and dynamics on the chart by choosing any of 8 available time frames.
By moving the start and end of the timeframe in the bottom panel you can see both the current and the historical price movements of the instrument. In addition, you have an opportunity to choose the type of display of the USD/CAD live chart – Candles or Lines chart – through the buttons in the upper left corner of the chart. All clients that have not yet decided which instrument to trade are in the right place since reading the full characteristics of the USDCAD and watching its performance on the charts will help them to make their final decision.
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 |
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