USDCAD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.09% | 11.9 Pips |  |
||
| Week to-date | 0.08% | 11.3 Pips |  |
||
| September | 0.08% | 10.6 Pips | |
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What happened lately
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What can we expect from USDCAD today?
USDCAD on Monday rose 0.09% to 1.34997. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCAD looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.351 with break above could target R2 at 1.35203 or figure level area. While towards the downside, we are looking at daily low of 1.34800 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.35053 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCAD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 1.35353 |
| R2 | 1.35203 |
| R1 | 1.351 |
| Daily Pivot | 1.3495 |
| S1 | 1.34847 |
| S2 | 1.34697 |
| S3 | 1.34594 |
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