fxs_header_sponsor_anchor

News

USD/CAD Price Analysis: Dollar on fire, shoots to 4-year highs, breaking 1.4000 figure vs. CAD

  • USD/CAD is trading near levels last seen in January 2016. 
  • USD/CAD is breaking above the 1.4000 figure.
 

USD/CAD monthly chart

 
USD/CAD is soaring to levels not seen since January 2016 as the quote broke above 1.4000 figure. The oil collapse is driving the Canadian dollar down and USD/CAD up. Additionally, broad-based USD strength is pushing the currency pair higher.
 

USD/CAD four-hour chart

 
USD/CAD is having the largest spike in five years as buyers broke above the 1.3972/1.4000 resistance zone. The break above the above-mentioned level can see USD/CAD run extend to the 1.4219, 1.4322 and 1.4500 levels according to the Technical Confluences Indicator. Support can be expected near 1.4115 and 1.4060 levels.
 
Resistance: 1.4219, 1.4322, 1.4500
Support: 1.4115, 1.4060, 1.4000 
 
 

Additional key levels

USD/CAD

Overview
Today last price 1.4167
Today Daily Change 0.0151
Today Daily Change % 1.08
Today daily open 1.4016
 
Trends
Daily SMA20 1.3478
Daily SMA50 1.3292
Daily SMA100 1.3236
Daily SMA200 1.3223
 
Levels
Previous Daily High 1.4018
Previous Daily Low 1.3732
Previous Weekly High 1.3996
Previous Weekly Low 1.3422
Previous Monthly High 1.3465
Previous Monthly Low 1.3202
Daily Fibonacci 38.2% 1.3909
Daily Fibonacci 61.8% 1.3841
Daily Pivot Point S1 1.3826
Daily Pivot Point S2 1.3635
Daily Pivot Point S3 1.3539
Daily Pivot Point R1 1.4112
Daily Pivot Point R2 1.4209
Daily Pivot Point R3 1.4399

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2025 FOREXSTREET S.L., All rights reserved.