USDCAD on Monday dropped -0.22% to 1.34511. Pair in consolidation. What we know.

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USDCAD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.22% -29.9 Pips
Week to-date -0.22% -29.9 Pips
September -0.42% -57.3 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.

What can we expect from USDCAD today?

USDCAD on Monday dropped -0.22% to 1.34511. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCAD looks mixed as the pair is likely to consolidate above 1.34341 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.34920 or trades above daily pivot 1.3463. Break above could target R1 at 1.34801. While to the downside, we are looking at 1.34341 (S1) and daily low of 1.34460 as support levels. USDCAD need to break on either side to indicate a short-term bias. A close below 1.34460 would indicate selling pressure.

For the week to-date, take note that USDCAD is mixed as compared to the prior week.

Key levels to watch out:

R3 1.35261
R2 1.3509
R1 1.34801
Daily Pivot 1.3463
S1 1.34341
S2 1.3417
S3 1.33881

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