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USDCAD
US Dollar vs Canadian
1.4497 0.0079 (0.01%)
30 Jan 2025 23:05
Buy
1.4497
Sell
1.4494
58.56%
Traders' feedback
41.44%
Closing
1.4402
Maximum price
1.4593
One week high
1.447
52-week high
1.4593
Opening
1.4401
Minimum price
1.4392
One week low
1.4313
52-week low
1.3412
About
Overview
Technical
Instrument specification (USDCAD)
Insta.Standard
Insta.Eurica
Buy
Sell
Commission
0
Leverage
1:1000
Lot
USD 10 000
Spread
3
Buy swap
-0.25
Sell swap
-0.72
Minimum trade size
0.01 Lot
Short position
Available
Trading time
Around the clock Mo-Fr
USDCAD Chart (US Dollar to Canadian Dollar)

The USD/CAD pair is included on the list of the most popular currency pairs among traders. Almost immediately after its appearance in January 1978, the pair became one of the highly liquid trading instruments on Forex. This currency pair originated mainly thanks to the discovery of huge reserves of crude oil in Canada. The country still remains one of the biggest oil exporters in the world. Read more...

The USD/CAD pair is included on the list of the most popular currency pairs among traders. Almost immediately after its appearance in January 1978, the pair became one of the highly liquid trading instruments on Forex.

This currency pair originated mainly thanks to the discovery of huge reserves of crude oil in Canada. The country still remains one of the biggest oil exporters in the world. The creation of this pair was meant to simplify oil trading and set specific prices for each country.

Main features

The USD/CAD pair is quite volatile, especially during the New York session. This is why when analyzing the chart of its price movement, there are many long shadow candlesticks.

It is quite easy for traders to predict the future trajectory of this trading instrument. The pair rarely performs sharp swings for no particular reason. It helps investors avoid losses and trade steadily.

How to trade USD/CAD

The Canadian dollar is extremely vulnerable to any fluctuations in oil prices. Canada is one of the world's largest oil exporters. That is why when oil prices are rising, the lonnie grows exponentially and vice versa.

When trading the USD/CAD pair, traders often try to identify support and resistance levels, as well as the prevailing trend. This type of analysis gives more chances to make a profit. Historical levels help traders find the optimal entry points to open positions on Forex.

Before opening long or short positions on the Canadian dollar, traders should assess the situation in the oil market. It is also important to try to predict the future movements of oil prices. As we already know, any swings in oil prices have a great impact on the Canadian currency. Apart from that, it is crucial to identify possible trading patterns on the chart, such as triangles, head and shoulders, neck, and others.

Trader`s Calendar
Time
Share
Currency
Macroeconomic indicators
Actual
Forecast
Previous
30 January 2025Thursday
21:30
USD
Fed's Balance Sheet
Actual-
Forecast-
Previous6,832B
21:30
USD
Reserve Balances with Federal Reserve Banks
Actual-
Forecast-
Previous3.331T
30 January 2024 - 30 January 2025
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