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Live USD/CAD priceUS Dollar to Canadian dollar
USD/CAD is a major currency pair, although it does have lower trading volume than EUR/USD and GBP/USD. Canada is a country with a developed economy strongly impacted by the commodity sector. USD/CAD is called a commodity pair. International policy news or relations between the U.S. and other countries have lesser influence on the pair’s price than on other majors. Meanwhile, the prices for energies, metals and other commodities may have an impact on the price of the Canadian dollar. The American session is the best time to trade USD/CAD. The pair’s volatility is higher than average.
Recommendation for USD/CAD on the 15M timeframe is Strong Buy.
Recommendation for USD/CAD on the 1H timeframe is Neutral.
Recommendation for USD/CAD on the 1D timeframe is Neutral.
The USD/CAD currency pair shows relatively stable prolonged trends that form under the influence of global demand for commodities and trade balance of Canada and the U.S. and other key buyers. The Canadian dollar had a confident strengthening period starting from 2002. The 2008 crisis affected the neighboring economies more than the U.S. economy, causing the U.S. currency price to rise against CAD for more than 12 months. Starting from 2015, the MN interval shows formation of a flat with strong trend movements inside the corridor. How can traders use this for day trading? Will the USD/CAD price slide against geopolitical issues and peak prices for energies?
In our article, you will be able to learn the latest price forecasts and signals on the USD/CAD currency exchange rate for 1 hour-1 week. USD/CAD forecasts and signals are based on the technical analysis indicators.
On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:
- Asset quotes are updated every minute.
- Price chart is updated every minute.
- Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
- Medium and long-term forecasts are updated every hour.
