USD/CAD is currently on bearish momentum. At 11:06 EST on Wednesday, 21 April, USD/CAD is at 1.2473, 1.0394% down since the last session’s close.
Regarding USD/CAD’s daily highs and lows, it’s 1.032% down from its trailing 24 hours low of $1.26 and 1.133% down from its trailing 24 hours high of $1.26.
USD/CAD’s yearly highs and lows, it’s 0.996% up from its 52-week low and 12.55% 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).
Last news about USD/CAD
Canadian dollar price forecast: usd/cad May gain on wait-and-see boc. According to DailyFX on Wednesday, 21 April, "From a technical perspective, USD/CAD rates appear poised to extend recent gains, as yesterday’s 0.58% surge drove the exchange rate through the downtrend extending from the March 2020 high to challenge the trend-defining 55-EMA (1.2607).", "We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USD/CAD prices may continue to fall."
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