USDCAD (US Dollar vs Canadian Dollar). Exchange rate and online charts.
Currency converter
30 Jan 2025 23:41
(0.01%)
Closing price, the previous day.
Opening price.
The highest price over the last trading day.
The lowest price over the last trading day
Price range high in the last week
Price range low in the last week
The USD/CAD pair is included on the list of the most popular currency pairs among traders. Almost immediately after its appearance in January 1978, the pair became one of the highly liquid trading instruments on Forex.
This currency pair originated mainly thanks to the discovery of huge reserves of crude oil in Canada. The country still remains one of the biggest oil exporters in the world. The creation of this pair was meant to simplify oil trading and set specific prices for each country.
Main features
The USD/CAD pair is quite volatile, especially during the New York session. This is why when analyzing the chart of its price movement, there are many long shadow candlesticks.
It is quite easy for traders to predict the future trajectory of this trading instrument. The pair rarely performs sharp swings for no particular reason. It helps investors avoid losses and trade steadily.
How to trade USD/CAD
The Canadian dollar is extremely vulnerable to any fluctuations in oil prices. Canada is one of the world's largest oil exporters. That is why when oil prices are rising, the lonnie grows exponentially and vice versa.
When trading the USD/CAD pair, traders often try to identify support and resistance levels, as well as the prevailing trend. This type of analysis gives more chances to make a profit. Historical levels help traders find the optimal entry points to open positions on Forex.
Before opening long or short positions on the Canadian dollar, traders should assess the situation in the oil market. It is also important to try to predict the future movements of oil prices. As we already know, any swings in oil prices have a great impact on the Canadian currency. Apart from that, it is crucial to identify possible trading patterns on the chart, such as triangles, head and shoulders, neck, and others.
See Also
- USDCAD is trading around 1.3730, Price has made little progress over the last 40 days. Price is at the same price level since the beginning of October. USDCAD has formed a triangle pattern with lower highs and higher lows. This consolidation is expected to end soon as there is very little space.
Author: Alexandros Yfantis
15:58 2023-11-22 UTC+2
15013
USDCAD is trading around 1.3605 after making a new higher high today at 1.3638. The new higher high in price was not followed by a higher high in the RSI. On the contrary the RSI made a new lower high forming another bearish divergence.Author: Alexandros Yfantis
20:33 2023-08-25 UTC+2
9358
USDCAD remains technically in a bullish trend making higher highs and higher lows. Price remains inside the bullish channel but today price is under pressure. Despite the new higher high yesterday, the RSI did not follow and made a lower high.Author: Alexandros Yfantis
17:28 2023-09-08 UTC+2
8623
- In previous posts we talked about the limited upside potential in USDCAD and that we preferred to be neutral if not bearish. We were expecting a down turn despite price making higher highs and higher lows.
Author: Alexandros Yfantis
17:14 2023-08-30 UTC+2
7153
USDCAD continues to remain under pressure. When price was trading around 1.36-1.3680 we warned traders that a pull back was imminent and we preferred to be neutral if not bearish. USDCAD had provided a bearish signal once it broke below the bullish channel at 1.36-1.3620.Author: Alexandros Yfantis
16:37 2023-09-19 UTC+2
6643
USDCAD is trading around 1.3574 after making a new higher high last week around 1.3638. As we mentioned in our previous posts, we continue to believe that the upside potential is limited. Price technically remains in a bullish trend, but the RSI is not making higher highs. Instead the RSI is.Author: Alexandros Yfantis
16:51 2023-08-28 UTC+2
6613
- In our analysis on USDCAD last week we noted three things. First was the bearish RSI divergence. Despite the higher highs in price, the RSI did not follow suggesting that a pull back was imminent. Secondly we noted that a pull back at least towards the lower channel boundary was justified and.
Author: Alexandros Yfantis
14:00 2023-09-11 UTC+2
6358
USDCAD is trading around 1.3573 still making higher highs and higher lows. Recent pull back towards 1.3508 almost gave us a bearish reversal signal, but price did not form a lower low. Instead price formed a new higher low and is now bouncing higher with potential to reach 1.36.Author: Alexandros Yfantis
15:57 2023-08-24 UTC+2
5698
The USD/CAD chart displays a bearish trend, reinforced by an RSI indicator showing bearish divergence with the price. The price might descend towards the 1st support at 1.3498 and the 2nd support at 1.3387, both being overlap supports. Conversely, the 1st resistance at 1.3565 aligns with the.Author: Dean Leo
05:59 2023-08-18 UTC+2
5503
- USDCAD is trading around 1.3730, Price has made little progress over the last 40 days. Price is at the same price level since the beginning of October. USDCAD has formed a triangle pattern with lower highs and higher lows. This consolidation is expected to end soon as there is very little space.
Author: Alexandros Yfantis
15:58 2023-11-22 UTC+2
15013
- USDCAD is trading around 1.3605 after making a new higher high today at 1.3638. The new higher high in price was not followed by a higher high in the RSI. On the contrary the RSI made a new lower high forming another bearish divergence.
Author: Alexandros Yfantis
20:33 2023-08-25 UTC+2
9358
- USDCAD remains technically in a bullish trend making higher highs and higher lows. Price remains inside the bullish channel but today price is under pressure. Despite the new higher high yesterday, the RSI did not follow and made a lower high.
Author: Alexandros Yfantis
17:28 2023-09-08 UTC+2
8623
- In previous posts we talked about the limited upside potential in USDCAD and that we preferred to be neutral if not bearish. We were expecting a down turn despite price making higher highs and higher lows.
Author: Alexandros Yfantis
17:14 2023-08-30 UTC+2
7153
- USDCAD continues to remain under pressure. When price was trading around 1.36-1.3680 we warned traders that a pull back was imminent and we preferred to be neutral if not bearish. USDCAD had provided a bearish signal once it broke below the bullish channel at 1.36-1.3620.
Author: Alexandros Yfantis
16:37 2023-09-19 UTC+2
6643
- USDCAD is trading around 1.3574 after making a new higher high last week around 1.3638. As we mentioned in our previous posts, we continue to believe that the upside potential is limited. Price technically remains in a bullish trend, but the RSI is not making higher highs. Instead the RSI is.
Author: Alexandros Yfantis
16:51 2023-08-28 UTC+2
6613
- In our analysis on USDCAD last week we noted three things. First was the bearish RSI divergence. Despite the higher highs in price, the RSI did not follow suggesting that a pull back was imminent. Secondly we noted that a pull back at least towards the lower channel boundary was justified and.
Author: Alexandros Yfantis
14:00 2023-09-11 UTC+2
6358
- USDCAD is trading around 1.3573 still making higher highs and higher lows. Recent pull back towards 1.3508 almost gave us a bearish reversal signal, but price did not form a lower low. Instead price formed a new higher low and is now bouncing higher with potential to reach 1.36.
Author: Alexandros Yfantis
15:57 2023-08-24 UTC+2
5698
- The USD/CAD chart displays a bearish trend, reinforced by an RSI indicator showing bearish divergence with the price. The price might descend towards the 1st support at 1.3498 and the 2nd support at 1.3387, both being overlap supports. Conversely, the 1st resistance at 1.3565 aligns with the.
Author: Dean Leo
05:59 2023-08-18 UTC+2
5503