Analysis of the USD/CAD Exchange Rate

55
As of last Friday, the USD/CAD exchange rate traded in the range of 1.3800 - 1.3850, down 0.0217% compared to the previous day. The key resistance level was 1.3844, and the support level was 1.3760. In the short term, the fluctuations are dominated by the US non - farm payrolls data and trade policies: strong US employment data may support the rebound of the US dollar.

you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.