The US and Canadian economies are among the largest and have strong connections between them. A vast majority of Canadian exports go to the USA. USDCAD is a commodity-dependent currency. Throughout its history, CAD rate has been influenced by energy commodities. While the USD commonly influences pair liquidity more intensively, traders know that USDCAD negatively correlates with NZDUSD and AUDUSD.
Spreads and conditions
- 100 000 USD
Most popular assets
6 hours agoUSD/CAD bulls target 78.6% Fibo of the Dec swing highs to YTD lows
10 hours agoUSD/CAD flat-lined below 1.3200 mark, moves little post-US data
13 hours agoUSD/CAD trades above 1.3200 ahead of US data
19 hours agoUSD/CAD Price Analysis: Intraday sellers sneak in around monthly channel’s resistance-line