USD/CAD Price Forecast: Trades around 1.4100 due to bullish bias
USD/CAD recovers its recent losses from the previous session, trading around 1.4100 during the early European hours on Monday. The daily chart’s technical setup reflects a persistent bullish bias, with the pair remaining within its ascending channel pattern.
  • USD/CAD may approach the seven-month high of 1.4140.
  • The 14-day Relative Strength Index is positioned at 59.9, reinforcing the bullish momentum.
  • The primary support lies at the nine-day EMA of 1.4062.

USD/CAD recovers its recent losses from the previous session, trading around 1.4100 during the early European hours on Monday. The daily chart’s technical setup reflects a persistent bullish bias, with the pair remaining within its ascending channel pattern. The 14-day Relative Strength Index (RSI) trends higher near 59.9, staying above the midline, confirming bullish momentum.

The USD/CAD pair holds above a rising nine-day Exponential Moving Average (EMA) at 1.4063 and the 50-day EMA at 1.3982, keeping the short-term bias pointed higher. The nine-day EMA continues to track above the 50-day EMA, reinforcing topside pressure.

The USD/CAD pair may test the seven-month high of 1.4140, reached on November 5, followed by the crucial level of .4150. Further advances above this level would lead the pair to test the upper boundary of the ascending channel at 1.4210.

On the downside, the initial support appears at the nine-day EMA of 1.4062. A break below this level would weaken the short-term price momentum and prompt the USD/CAD pair to test the ascending channel’s lower boundary around the psychological level of 1.4000, followed by the 50-day EMA at 1.3982.

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 weakest against the Australian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.02% 0.10% 0.28% 0.07% -0.05% 0.15% 0.21%
EUR -0.02% 0.09% 0.29% 0.05% -0.08% 0.13% 0.18%
GBP -0.10% -0.09% 0.18% -0.03% -0.16% 0.06% 0.09%
JPY -0.28% -0.29% -0.18% -0.20% -0.33% -0.13% -0.06%
CAD -0.07% -0.05% 0.03% 0.20% -0.12% 0.07% 0.13%
AUD 0.05% 0.08% 0.16% 0.33% 0.12% 0.20% 0.26%
NZD -0.15% -0.13% -0.06% 0.13% -0.07% -0.20% 0.06%
CHF -0.21% -0.18% -0.09% 0.06% -0.13% -0.26% -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).

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

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

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