This USDCAD analysis reviews the currency pair from technical and fundamental aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the price changes.
USDCAD Analysis & Live Chart
USDCAD Fundamental Analysis
Bloomberg—The Canadian dollar fell to $1.39, backing off from its six-month high of US$1.38 on April 22nd. The drop was influenced by the stronger US dollar, which gained momentum after President Trump stepped back from criticizing Fed Chair Jerome Powell and hinted at easing tariffs on China.
At the same time, the IMF lowered Canada’s 2025 GDP growth forecast to 1.4%, raising concerns about domestic demand and limiting the Canadian dollar’s potential gains.
The Bank of Canada kept its interest rate at 2.75%, signaling caution due to uncertainty over US tariffs, which could either support steady growth with inflation around 2% or lead to recession risks and higher inflation if tariffs increase.
USDCAD Support and Resistance Level
| Support | 1.3778 | 1.3648 | 1.3424 |
| Resistance | 1.4025 | 1.4143 | 1.4297 |
Market Trends Through Technical Indicators
The widget below calculates market USD/CAD trends using multiple indicators, such as moving averages and oscillators. It allows you to review market trends across various timeframes easily.
The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.
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