USD/CAD Price Forecast: Tests rectangle’s upper boundary above 1.3900
USD/CAD hovers around 1.3900 during the early European hours on Thursday, following its three-day winning streak.
  • USD/CAD tests the immediate barrier at the rectangle’s upper boundary around 1.3910.
  • The pair is consolidating within a rectangle pattern, with the 14-day RSI above 50 indicating bullish consolidation.
  • The primary support appears at the nine-day EMA of 1.3838.

USD/CAD hovers around 1.3900 during the early European hours on Thursday, following its three-day winning streak. The technical analysis of the daily chart suggests that the pair consolidates within a rectangle pattern, while the 14-day RSI above 50 signals bullish consolidation with potential for an upside breakout.

Additionally, the USD/CAD pair remains above the nine-day Exponential Moving Average (EMA), suggesting the short-term price momentum is stronger.

On the upside, the USD/CAD pair is testing the rectangle’s upper boundary around 1.3910, followed by the four-month high at 1.3924, which was recorded on August 22. A break above this confluence resistance zone would prompt the pair to explore the region around the five-month high at 1.4016, reached on May 13.

The USD/CAD pair may find its initial support at the nine-day EMA of 1.3838, followed by the 50-day EMA at 1.3799. A break below these levels would weaken the short- and medium-term price momentum and put downward pressure on the pair to navigate the region around the lower boundary of the rectangle around 1.3730, followed by the two-month low of 1.3721, which was recorded on August 7. Further declines below the crucial support zone would weaken the bullish consolidation and put downward pressure on the pair to navigate the area around the two-month low of 1.3539.

USD/CAD: Daily Chart

Canadian Dollar Price Today

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

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.07% -0.09% -0.09% 0.01% -0.16% -0.12% 0.00%
EUR 0.07% -0.04% -0.03% 0.07% -0.08% -0.06% 0.07%
GBP 0.09% 0.04% 0.02% 0.12% -0.07% 0.01% 0.15%
JPY 0.09% 0.03% -0.02% 0.09% -0.10% 0.14% 0.10%
CAD -0.01% -0.07% -0.12% -0.09% -0.15% -0.11% 0.03%
AUD 0.16% 0.08% 0.07% 0.10% 0.15% 0.34% 0.16%
NZD 0.12% 0.06% -0.01% -0.14% 0.11% -0.34% -0.13%
CHF -0.00% -0.07% -0.15% -0.10% -0.03% -0.16% 0.13%

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).

Acuity Trading
Trade The World
Ang Acuity Trading ay isang fintech na nakabase sa London na itinatag noong 2013, na dalubhasa sa AI-powered na alternative data at sentiment analysis para sa trading at investments. Inirebolusyon nila ang online trading experience gamit ang visual news at sentiment tools, at patuloy na nangunguna sa merkado sa pamamagitan ng alpha-generating alternative data at highly engaging trading tools gamit ang pinakabagong AI research at technology.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Galugarin ang Higit pang mga Tool
Trading Academy
Mag-browse ng malawakang hanay ng mga educational na artikulo na sumasaklaw sa mga trading strategy, market insights, at financial fundamentals, lahat sa isang lugar.
Matuto pa
Mga Kurso
Galugarin ang mga structured na trading course na idinisenyo upang suportahan ang inyong paglago sa bawat yugto ng inyong trading journey.
Matuto pa
Webinar
Sumali sa mga live at on-demand na webinar upang makakuha ng real-time na market insights at trading strategies mula sa mga eksperto sa industriya.
Matuto pa