(VIANEWS) - USD/CAD (USDCAD) has been up by 1.91% for the last 21 sessions. At 10:06 EST on Sunday, 13 August, USD/CAD (USDCAD) is $1.34.
USD/CAD's yearly highs and lows, it's 5.214% up from its 52-week low and 3.801% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CAD's Forex is considered to be oversold (<=20).
Previous days news about USD/CAD (USDCAD)
- Usd/cad price analysis: pullback towards sub-1.3400 zone appears more impulsive as US PPI looms. According to FXStreet on Friday, 11 August, "That said, USD/CAD reverses from a joint of the 200-DMA and a downward-sloping resistance line from May 31, close to 1.3450 by the press time.", "On the contrary, a daily closing beyond the 1.3450 resistance confluence could quickly propel the USD/CAD prices to the monthly high marked on Monday at around 1.3505."
- Usd/cad remains on the defensive below mid-1.3400s, bullish potential seems intact. According to FXStreet on Friday, 11 August, "The US Dollar (USD) struggles to capitalize on the previous day's solid rebound from over a one-week low - touched in reaction to the softer US consumer inflation figures - and turns out to be a key factor acting as a headwind for the USD/CAD pair. ", "This, along with subdued Crude Oil prices and growing acceptance that the Bank of Canada (BoC) will pause its interest rate hike campaign, could undermine the commodity-linked Loonie and lend support to the USD/CAD pair. "
- Usd/cad loses ground after hot PPI data from the US. According to FXStreet on Friday, 11 August, "At the end of the week, the USD/CAD was rejected by the 200-day Simple Moving Average(SMA) at 1.3450 and settled near 1.3430. "
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