USD/CAD Price Forecast: Hovers above 1.4150 as bullish bias prevails
USD/CAD moves sideways after two days of losses, trading around 1.4170 during the European hours on Thursday. The technical analysis of the daily chart indicates the pair is remaining within the ascending channel pattern, indicating a persistent bullish bias.
  • USD/CAD may test the immediate barrier at the nine-day EMA of 1.4182.
  • The 14-day Relative Strength Index is around 64, hinting at sustained upside momentum.
  • The primary support lies at the ascending channel’s lower boundary around 1.4110.

USD/CAD moves sideways after two days of losses, trading around 1.4170 during the European hours on Thursday. The technical analysis of the daily chart indicates the pair is remaining within the ascending channel pattern, indicating a persistent bullish bias.

The USD/CAD is retaining a bullish near-term bias as it holds comfortably above the 50-period Exponential Moving Average (EMA). Price is pressing against the short-term nine-period EMA, which acts as immediate resistance, while the 14-day Relative Strength Index (RSI) around 64 stays in positive territory but off extreme overbought readings, hinting at sustained upside momentum with some scope for consolidation.

The USD/CAD pair may test the immediate barrier at the nine-day EMA of 1.4182, followed by the primary barrier at the nearly 15-month high of 1.4248, reached on June 24. Further advances would expose the upper boundary of the ascending channel around 1.4400.

On the downside, the primary support lies at the lower boundary of the ascending channel around 1.4110. A break below the channel would put downward pressure on the pair to test the 50-day EMA at 1.3998.

Chart Analysis USD/CAD
USD/CAD: Daily Chart

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Canadian Dollar Price Today

The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the strongest against the US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.17% -0.24% -0.15% 0.03% -0.10% -0.54% -0.23%
EUR 0.17% -0.06% 0.04% 0.21% 0.10% -0.34% -0.05%
GBP 0.24% 0.06% 0.09% 0.26% 0.17% -0.28% 0.02%
JPY 0.15% -0.04% -0.09% 0.16% 0.08% -0.39% -0.08%
CAD -0.03% -0.21% -0.26% -0.16% -0.10% -0.55% -0.25%
AUD 0.10% -0.10% -0.17% -0.08% 0.10% -0.44% -0.14%
NZD 0.54% 0.34% 0.28% 0.39% 0.55% 0.44% 0.30%
CHF 0.23% 0.05% -0.02% 0.08% 0.25% 0.14% -0.30%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).

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KUOTASI LANGSUNG

Nama / Simbol
Grafik
% Perubahan / Harga
NVDA/NAS
Perubahan 1 hari
+0%
0
ON/NAS
Perubahan 1 hari
+0%
0
MSFT/NAS
Perubahan 1 hari
+0%
0

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