(VIANEWS) – USD/CAD (USDCAD) is currently on bullish momentum. At 20:08 EST on Tuesday, 20 July, USD/CAD (USDCAD) is at 1.2682, 1.94% up since the last session’s close.
USD/CAD (USDCAD) Range
Regarding USD/CAD’s daily highs and lows, it’s 3.206% up from its trailing 30 days low of $1.23 and 0.922% down from its trailing 30 days high of $1.28.
USD/CAD’s yearly highs and lows, it’s 5.613% up from its 52-week low and 6.219% down from its 52-week high.
USD/CAD’s last week, last month’s, and last quarter’s current volatility was 0.36%, 0.13%, and 0.64%, respectively.
USD/CAD’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.62% (last week), 0.61% (last month), and 0.64% (last quarter), respectively.
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 (USDCAD)
Usd/cad clings to strong daily gains above 1.2760 as WTI loses more than 7%. According to FXStreet on Monday, 19 July, "The USD/CAD pair started the new week on a firm footing and rose above 1.2800 for the first time since late January. "
Usd/cad retreats modestly after rising to fresh multi-month highs above 1.2800. According to FXStreet on Monday, 19 July, "After closing the second straight week in the positive territory, the USD/CAD pair preserved its bullish momentum on Monday and reached its highest level since late January at 1.2805 before going into a consolidation phase. "
Usd/cad price analysis: overbought RSI triggers pullback from five-month top above 1.2700. According to FXStreet on Tuesday, 20 July, "Should USD/CAD fail to bounces off 1.2620, the early month high near 1.2590 and June’s peak of 1.2487 will lure the bears.", "Also likely to question USD/CAD bulls is the late December high close to 1.2960 and the 1.3000 threshold."
Usd/cad posts small daily gains above 1.2750 as oil selloff weakens. According to FXStreet on Tuesday, 20 July, "Following Monday’s upsurge, the USD/CAD pair preserved its bullish momentum and reached its highest level since late January at 1.2805 on Tuesday. ", "On the other hand, the US Dollar Index is currently trading at its strongest level since early April at 93.08, rising 0.27% and allowing USD/CAD to stay in the positive territory."
Usd/cad to surge higher towards the 1.3024 mark on a close above 1.2653 – credit suisse. According to FXStreet on Monday, 19 July, "A positive start to the week for USD/CAD leaves the pair staging a concerted challenge on the major cluster of resistances at 1.2632/53. ", "Below 1.2561, USD/CAD can see a pullback towards the 13-day exponential average and price support at 1.2503/01, but with good buying expected to show ahead of here."
News about USD/JPY
Usd/jpy extends rebound, approaches 110.00 as US yields soar. According to FXStreet on Tuesday, 20 July, "The chart still shows the USD/JPY with a bearish bias but the rebound alleviated the pressure. "
Usd/jpy to plunge towards April low at 107.48 on a break below July lows at 109.53 – DBS bank. According to FXStreet on Monday, 19 July, "Iit is apparent that USD/JPY is not able to surmount the horizontal resistance connecting 112.40, 112.23, and 111.66."
Usd/jpy recovers modestly after dropping to multi-week lows near 109.00. According to FXStreet on Monday, 19 July, "Meanwhile, the benchmark 10-year US Treasury bond yield is losing more than 7%, making it difficult for USD/JPY to erase its losses."
Usd/jpy retakes 110.00 after Japan’s government maintains overall economic view. According to FXStreet on Monday, 19 July, "The uptick in USD/JPY could be mainly linked to a fresh leg higher in the US dollar across the board, as risk-aversion deepens in the European session.", "At the press time, the US dollar index rises to daily highs of 92.79, up 0.10% on the day while USD/JPY was last seen changing hands at 110.03, recovering most losses."
Usd/jpy trades with modest gains around mid-109.00s, upside seems limited. According to FXStreet on Tuesday, 20 July, "Adding to this, diminishing odds for an imminent Fed action in the near future might act as a headwind for the greenback and collaborate to cap gains for the USD/JPY pair.", "This further makes it prudent to wait for some strong follow-through buying before confirming that the USD/JPY pair has bottomed out in the near term and positioning for any further appreciating move."
More news about USD/CAD (USDCAD).