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: 2025.01.28
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USD/CAD Price Forecast: Remains below 1.4400; initial support appears at nine-day EMA
World FX news
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USD/CAD Price Forecast: Remains below 1.4400; initial support appears at nine-day EMA
2025.01.28 12:57
2025.01.28 12:57
- USD/CAD maintains its position below the psychological level of 1.4400.
- The bullish bias persists, as the 14-day RSI remains above the 50 mark.
- Immediate support appears at the nine-day EMA of 1.4374.
The USD/CAD pair extends its gains for the second consecutive session, trading near 1.4400 during Tuesday's Asian session. On the daily chart, the pair remains within an ascending channel, highlighting a prevailing bullish trend.
The 14-day Relative Strength Index (RSI) hovers just above the 50 level, signaling sustained positive momentum. A consistent RSI above 50 would further support the bullish sentiment.
Moreover, the USD/CAD pair trades slightly above the nine- and 14-day Exponential Moving Averages (EMAs), reinforcing the bullish trend and indicating strong short-term price action. This alignment reflects solid buying interest and suggests the potential for further upside movement.
On the upside, the USD/CAD pair tests the psychological level of 1.4400 and remains positioned to challenge 1.4518--its highest level since March 2020, achieved on January 21. Further resistance is anticipated near the upper boundary of the ascending channel, around 1.4830.
The immediate support lies at the nine-day EMA at 1.4375, followed closely by the 14-day EMA at 1.4373. This level aligns with the lower boundary of the ascending channel, near the 1.4350 mark, providing a strong support zone.
USD/CAD: Daily Chart
Canadian Dollar PRICE Today
The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.52% | 0.37% | 0.67% | 0.17% | 0.57% | 0.52% | 0.37% | |
| EUR | -0.52% | -0.16% | 0.13% | -0.35% | 0.05% | -0.00% | -0.15% | |
| GBP | -0.37% | 0.16% | 0.33% | -0.19% | 0.15% | 0.14% | 0.00% | |
| JPY | -0.67% | -0.13% | -0.33% | -0.52% | -0.12% | -0.19% | -0.32% | |
| CAD | -0.17% | 0.35% | 0.19% | 0.52% | 0.40% | 0.34% | 0.20% | |
| AUD | -0.57% | -0.05% | -0.15% | 0.12% | -0.40% | -0.06% | -0.19% | |
| NZD | -0.52% | 0.00% | -0.14% | 0.19% | -0.34% | 0.06% | -0.15% | |
| CHF | -0.37% | 0.15% | -0.00% | 0.32% | -0.20% | 0.19% | 0.15% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).
Last updated
: 2025.01.28
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