- USD/CAD maintains its position below the psychological level of 1,4400.
- The bullish bias persists, since the 14 -day RSI is maintained above the 50th mark.
- The immediate support appears in the nine -day EMA of 1,4374.
The USD/CAD pair extends its profits per second consecutive session, quoting about 1,4400 during the Asian session on Tuesday. In the daily chart, the pair remains inside an ascending channel, highlighting a prevailing bullish trend.
The 14 -day relative force index (RSI) is located just above level 50, pointing out a sustained positive impulse. A RSI consistently above 50 would further support the upward feeling.
In addition, the USD/CAD pair quotes slightly above the exponential mobile socks (EMAS) of nine and 14 days, reinforcing the upward trend and indicating a strong short -term price action. This alignment reflects a solid buying interest and suggests the potential of an additional upward movement.
Upwards, the USD/CAD torque proves the psychological level of 1,4400 and is positioned to challenge 1,4518 – his highest level since March 2020, reached on January 21. Greater resistance is anticipated near the upper limit of the ascending channel, around 1,4830.
The immediate support is located in the nine -day EMA in 1,4375, closely followed by the 14 -day EMA in 1,4373. This level is aligned with the lower limit of the ascending channel, near the 1,4350 brand, providing a strong support zone.
USD/CAD: Daily graph
Canadian dollar today
The lower table shows the change percentage of the Canadian dollar (CAD) compared to the main currencies today. Canadian dollar was the weakest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.52% | 0.37% | 0.67% | 0.17% | 0.57% | 0.52% | 0.37% | |
| EUR | -0.52% | -0.16% | 0.13% | -0.35% | 0.05% | -0.00% | -0.15% | |
| GBP | -0.37% | 0.16% | 0.33% | -0.19% | 0.15% | 0.14% | 0.00% | |
| JPY | -0.67% | -0.13% | -0.33% | -0.52% | -0.12% | -0.19% | -0.32% | |
| CAD | -0.17% | 0.35% | 0.19% | 0.52% | 0.40% | 0.34% | 0.20% | |
| Aud | -0.57% | -0.05% | -0.15% | 0.12% | -0.40% | -0.06% | -0.19% | |
| NZD | -0.52% | 0.00% | -0.14% | 0.19% | -0.34% | 0.06% | -0.15% | |
| CHF | -0.37% | 0.15% | -0.00% | 0.32% | -0.20% | 0.19% | 0.15% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Canadian dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the CAD (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
