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USD/CAD

View indicative pricing and leverage information for USD/CAD.

USD/CAD chart

USD/CAD market insights

Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.

If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.

Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.

Economic calendar

USD/CAD overview

As a global currency, the US Dollar provides the benchmark for all major commodities and finances a huge portion of world trade. By comparison, the Canadian dollar has a much more modest role. However, the two countries enjoy a relatively stable relationship, with Canadians buying more than $320 billion of US goods and services each year, while Americans purchase over $307 billion of Canadian products in the same period.

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