(VIANEWS) – During Tuesday’s Asian session, USD/CAD sellers assault an intraday low at 1.2740, down 0.07 percent on the day. The Loonie pair reached its highest level since early February before reverting to 1.2807.

Profit-booking actions, according to FXStreet, receive support from overbought RSI circumstances, directing intraday sellers toward the 50 percent Fibonacci retracement of the September 2020 to June 2021 fall, which is at 1.2715.

However, the pair’s weakening beyond 1.2715 will be challenged by the 200-day moving average and repeated peaks established in April around 1.2620.

USD/CAD (USDCAD) is currently on bullish momentum. At 06:10 EST on Wednesday, 21 July, USD/CAD (USDCAD) is at 1.2682, 2.14% up since the last session’s close.

USD/CAD (USDCAD) Range

About 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.

Volatility

USD/CAD’s last week, last month’s, and last quarter’s current volatility was 0.39%, 0.05%, and 0.66%, 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 0.43% (last week), 0.53% (last month), and 0.66% (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 drops toward 1.2700 amid modest oil rebound. According to FXStreet on Tuesday, 20 July, “The decisive recovery witnessed in Wall Street’s main indexes forced USD/CAD to edge lower in the American session as the safe-haven USD lost its attractiveness and WTI turned north. “, “Earlier in the day, the broad-based USD strength allowed USD/CAD to remain bullish following Monday’s upsurge. ”

Usd/cad surrenders intraday gains, slides to session lows around 1.2675-70 area. According to FXStreet on Wednesday, 21 July, “This further makes it prudent to wait for some strong follow-through selling before confirming that the USD/CAD pair has topped out and positioning for any meaningful corrective fall.”, “This, along with a modest US dollar pullback from over three-and-half-month tops, exerted some pressure on the USD/CAD pair.”

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.”

Usd/cad rises to fresh three-month high above 1.2600 on firmer usd, downbeat WTI. According to FXStreet on Monday, 19 July, “It’s worth noting that the weakness in prices of Canada’s main export item crude also propels the USD/CAD prices. “, “Looking forward, a light calendar requires USD/CAD traders to keep their eyes on oil price moves and market sentiment for fresh impulse.”

News about USD/JPY

According to FXStreet on Tuesday, 20 July, “Infections were detected also in the Olympic Village in Tokyo, yet the yen has benefited as a safe-haven currency, with USD/JPY hovering around 109.50.”

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 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. ”

More news about USD/CAD (USDCAD).

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