Today's USD to CAD Price Update

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 one of the five major reserve currencies held by central banks and financial institutions globally. The exchange rate between them reflects not only market sentiment toward the Canadian economy but also the relative strength of both currencies in international transactions.

Today’s Price

• 1 USD = 1.3613 CAD
• 24h High: 1.366 CAD
• 24h Low: 1.3532 CAD

Market Analysis

Recently, USD/CAD has been influenced by widening yield spreads, weaker jobs data, and risk-off sentiment, with the pair showing mixed volatility as it tests key technical levels.

• Technical levels: Key resistance at 1.3696 CAD, support at 1.3593 CAD, with long-term support near 1.3550 CAD
• Risk note: The pair has experienced sharp rebounds after significant plunges, indicating heightened volatility and potential for rapid reversals
• Trading opportunities: Monitor price action around support zones for potential bounce opportunities, and watch for breaks above resistance levels for continuation plays

Conclusion

Continue to monitor the USD/CAD pair closely, integrating technical support and resistance levels with broader market sentiment. Traders should remain alert to macroeconomic data releases and central bank communications that could drive further volatility in this highly liquid currency pair.