(VIANEWS) – USD/CAD maintained its strongly offered tone throughout the North American session. It was last seen at the 1.2475–80 region. This is a few pips below the two-week highs.
FXStreet confirmed the continuation of the rejection slide by the 200-day SMA on the previous trading day and saw some sell-through for the second session. USD/CAD has confirmed a bearish breakout below 1.2525-20 support. This marks the bottom of a trading range of one week and is being pressured by a variety of factors.
USD/CAD (USDCAD) is currently on bearish momentum. At 11:08 EST on Thursday, 29 July, USD/CAD (USDCAD) is at 1.2440, 0.662% down since the last session’s close.
USD/CAD (USDCAD) Range
Regarding USD/CAD’s daily highs and lows, it’s 1.199% down from its trailing 24 hours low of $1.26 and 1.301% down from its trailing 24 hours high of $1.26.
USD/CAD’s yearly highs and lows, it’s 3.598% up from its 52-week low and 7.564% down from its 52-week high.
USD/CAD’s last week, last month’s, and last quarter’s current volatility was 0.11%, 0.09%, 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 0.48% (last week), 0.49% (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 steps back from 200-dma on oil’s recovery, focus on Canada cpi, FOMC. According to FXStreet on Wednesday, 28 July, “Though, China’s crackdown on IT and tuition sectors join the comparatively hawkish Bank of Canada (BOC) that the Fed to weigh on the USD/CAD prices.”, “Although the pre-Fed trading lull can keep USD/CAD pressured, likely softening in Canada’s headline inflation numbers for June may restrict the pair’s downside. ”
Usd/cad spikes to 1.2600 neighbourhood, lacks follow-through. According to FXStreet on Tuesday, 27 July, “In fact, WTI crude oil has now slipped back below the $72.00/barrel, which undermined the commodity-linked loonie and was seen as another factor that provided an additional boost to the USD/CAD pair.”, “That said, a steep decline in the US Treasury bond yields held the USD bulls from placing aggressive bets and kept a lid on any further gains for the USD/CAD pair, at least for the time being. ”
Usd/cad flirts with daily tops, just below 1.2600 mark. According to FXStreet on Tuesday, 27 July, “This, along with the disappointing release of the US Durable Goods Orders data, undermined the USD and exerted some pressure on the USD/CAD pair.”, “The USD/CAD pair reversed an early North American dip to mid-1.2500s and rallied back to the top end of its daily trading range. ”
Usd/cad hangs near two-week lows, just above mid-1.2400s. According to FXStreet on Thursday, 29 July, “This was seen as another factor that contributed to the USD/CAD pair’s ongoing decline to the lowest level since July 14. “, “The USD/CAD pair maintained its heavily offered tone through the early North American session and was last seen hovering around the 1.2475-80 region, few pips above two-week lows.”
Usd/cad consolidates daily gains below 1.2600 ahead of US data. According to FXStreet on Tuesday, 27 July, “After closing the first day of the week in the negative territory, the USD/CAD pair edged higher during the European trading hours on Tuesday and reached a daily high of 1.2593. “, “With the market action turning subdued ahead of the American session, USD/CAD is consolidating its gains and was last seen rising 0.3% on the day at 1.2575.”
News about EUR/USD
Eur/usd breaks above 1.1800, prints fresh daily highs. According to FXStreet on Monday, 26 July, “The EUR/USD broke above 1.1800 and climbed to 1.1816, reaching the highest level since Thursday. ”
Eur/usd on a firmer footing, approaches 1.1800. According to FXStreet on Monday, 26 July, “The downward path in EUR/USD appears unabated so far, although the mid-1.1700s offer quite a decent support for the time being. “, “After two consecutive daily pullbacks, EUR/USD now regains the smile and looks to retake the area further north of the 1.1800 mark in a context favourable to the risk-associated universe.”
Eur/usd holds gains above 1.1750 amid risk on mood, USD slips. According to FXStreet on Monday, 26 July, “At the time of writing, the EUR/USD pair is trading at 1.1772, up 0.01% for the day.”
More news about USD/CAD (USDCAD).