USD/CAD Price Forecast: Hits fresh 14-month highs near 1.4200 confluence barrier
USD/CAD continues to gain ground for the eighth successive day, trading around 1.4180 during the early European hours on Monday. The technical analysis of the daily chart indicates the pair is moving upwards within the ascending channel pattern, signaling a persistent bullish bias.
  • USD/CAD reached a 14-month high of 1.4193 on Monday, near the ascending channel top.
  • The 14-day Relative Strength Index near 87 suggests stretched but still robust upward momentum.
  • The pair may find primary support at the nine-day EMA of 1.4070.

USD/CAD continues to gain ground for the eighth successive day, trading around 1.4180 during the early European hours on Monday. The technical analysis of the daily chart indicates the pair is moving upwards within the ascending channel pattern, signaling a persistent bullish bias.

The USD/CAD pair is maintaining a bullish near-term bias as it holds well above the nine-period and 50-period Exponential Moving Average (EMA). Meanwhile, the 14-day Relative Strength Index (RSI) hovers deep in overbought territory near 87, suggesting stretched but still strong upside momentum.

The USD/CAD pair recorded a fresh 14-month high of 1.4193 on June 22, aligned with the upper boundary of the ascending channel. A sustained break above this confluence resistance zone would open the door for further gains.

The primary support lies at the nine-day EMA of 1.4070. A break below the short-term price average would weaken the price momentum and put downward pressure on the pair to test the lower boundary of the ascending channel around 1.3960. Further declines would explore the region around the 50-day EMA at 1.3863.

Chart Analysis USD/CAD

(The technical analysis of this story was written with the help of an AI tool.)

Canadian Dollar Price Today

The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the weakest against the US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.10% 0.16% 0.24% 0.17% 0.08% 0.16% 0.08%
EUR -0.10% 0.06% 0.13% 0.05% 0.02% 0.08% -0.04%
GBP -0.16% -0.06% 0.06% 0.02% -0.05% 0.02% -0.07%
JPY -0.24% -0.13% -0.06% -0.07% -0.14% -0.08% -0.14%
CAD -0.17% -0.05% -0.02% 0.07% -0.09% -0.03% -0.08%
AUD -0.08% -0.02% 0.05% 0.14% 0.09% 0.08% 0.00%
NZD -0.16% -0.08% -0.02% 0.08% 0.03% -0.08% -0.06%
CHF -0.08% 0.04% 0.07% 0.14% 0.08% -0.00% 0.06%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).

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COTAÇÕES AO VIVO

Nome / Símbolo
Gráfico
% Variação / Preço
NVDA/NAS
Variação 1 dia
+0%
0
ON/NAS
Variação 1 dia
+0%
0
MSFT/NAS
Variação 1 dia
+0%
0

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