USD/CAD forecast for today by Traders Union analysts
USD/CAD is the currency ticker representing the US dollar – Canadian dollar pair. As a reminder, it is also called Loonie. It is one of the Top 7 currency pairs in the Forex market with high volatility. Thanks to the large volume and transborder trading between the U.S. and Canada, USD/CAD is popular, as it allows traders to earn good money on the price difference. Monitor the chart of this currency pair to know the USD/CAD price online, and its forecast for today by TU analysts. This will help you perform a thorough technical and fundamental analysis in order to make the right trading decision.
USD/CAD is sold again on growth toward 1.3725
26.04.2024USD/CAD sold on a bounce to 1.3725
25.04.2024USD/CAD remains under selling pressure
24.04.2024USD/CAD continues to decline
23.04.2024USD/CAD is under pressure
22.04.2024USD/CAD remains under pressure
19.04.2024US dollar/Canadian dollar sold near strong resistance
18.04.2024US Dollar/Canadian dollar continues to grow
17.04.2024Dollar/Loonie moves higher
16.04.2024The dollar/loonie ended the week with growth
15.04.2024Dollar/Canadian sold on the rise
12.04.2024Dollar/loonie soared to 1.3700
11.04.2024Dollar/loonie trades unchanged
10.04.2024The dollar/loonie is testing support in the neighborhood of 1.3575
09.04.2024Dollar/Loonie sold off from 1.3645
08.04.2024Dollar/Loonie bought back on the fall
05.04.2024Dollar/Loonie declined to the support at 1.3515
04.04.2024Dollar/Loonie unable to break through 1.3580
03.04.2024Dollar/loonie bought back on the decline
02.04.2024The dollar/Loonie remains under pressure after falling to 1.3530 support
01.04.2024Dollar/Loonie broke the support at 1.3560
29.03.2024Dollar/loonie continues consolidation in the range
28.03.2024The dollar/loonie is in demand on pullbacks
27.03.2024The dollar/loonie continues to trade below 1.3610
26.03.2024Dollar/Loonie returned to strong resistance
25.03.2024Dollar/Canadian dollar is recovering after the fall
22.03.2024The dollar/Canadian dollar was subjected to a sell-off
21.03.2024Dollar/Loonie sold off on the upside
20.03.2024Dollar/Loonie failed to break through 1.3550 again
19.03.2024Dollar/Loonie maintains a positive bias
18.03.2024USD/CAD Chart
Why is it important to know the USD/CAD price prediction?
Loonie shows how many Canadian dollars (quoted currency) are required to buy one US dollar (base currency). It is important to monitor the USD/CAD price forecast simply because this currency pair indicates the condition of the economy. There is a correlation with the commodity prices; they are the moving force behind the price of the Canadian currency against the US dollar.
USD/CAD trading is popular both among experienced and novice traders. However, it is still better to first practice on a demo account to avoid the risk and gain practical experience. By using USD/CAD forecasts and also indicators of technical analysis that are suitable within the chosen strategy, you can achieve good results.