Today's USD to CAD Price Update

MEV_Whisperer · 2026-02-02T15:00:13+00:00

This report analyzes the USD/CAD exchange rate, highlighting current prices, market dynamics, and trading opportunities influenced by central bank decisions and oil prices. Traders are advised to monitor technical levels for potential short and bullish corrections.

MEV_Whisperer

2026-02-02 15:00:13

Abstract generation in progress

Summary

This report provides the real-time exchange rate between the U.S. Dollar (USD) and Canadian Dollar (CAD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Canadian Dollar (CAD) is a major commodity-linked currency influenced by oil prices and central bank policies. The exchange rate between them reflects market sentiment toward both economies and serves as a key indicator for North American trade dynamics.

Today’s Price

1 USD = 1.36 CAD
24h High: 1.3674 CAD
24h Low: 1.3586 CAD

Market Analysis

Recently, USD/CAD has been influenced by central bank rate decisions, inflation dynamics, and oil price correlations, displaying a bearish trend on the 4-hour timeframe with potential consolidation patterns.

Technical levels: Key resistance at 1.3750 CAD, support at 1.38738 CAD
Risk note: The pair is currently testing strong resistance levels; failure to break higher could trigger price reversals
Trading opportunities: Monitor for potential short opportunities in the bearish trend with a focus on the 1.3750 resistance zone; watch for short-term bullish corrections that may present tactical entry points

Conclusion

Continue to monitor USD/CAD closely through February 2, 2026 and beyond, integrating technical support and resistance levels with macroeconomic factors such as BOC rate decisions and oil price movements. Traders should remain alert to both bearish trend continuation and potential mean-reversion opportunities at key technical levels.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.