CAD
USDCAD set for its most volatile week of 2024
icon
05 JUN clock 11:26

USDCAD set for its most volatile week of 2024

Markets are expecting a Bank of Canada rate cut later today (Wednesday), while Friday’s US nonfarm payrolls (NFP) report could inject further volatility for USDCAD. These top-tier economic events could amplify the loonie's struggles.
CAD USDCAD loonie Bank of Canada Oil Brent
USDCAD is testing key resistance level at 200-period SMA
icon
07 FEB clock 10:28

USDCAD is testing key resistance level at 200-period SMA

A break below this important level could drag the pair lower towards potential support levels: (1) 21-period SMA (1.345324) and (2) 23.6 (1.34572) Fibonacci level.
Canadian Dollar CAD USDCAD technicals