Select Language

USD/CAD Price Forecast: Tests nine-day EMA barrier near 1.4050

Breaking news

USD/CAD Price Forecast: Tests nine-day EMA barrier near 1.4050

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.11.17 16:40
USD/CAD Price Forecast: Tests nine-day EMA barrier near 1.4050

update 2025.11.17 16:40

  • USD/CAD tests immediate resistance at the nine-day EMA of 1.4027
  • The 14-day Relative Strength Index sits above 50, strengthening the bullish bias.
  • The immediate support lies at the ascending channel's lower boundary around 1.4000.

USD/CAD moves little after registering modest losses in the previous session, trading around 1.4020 during the European hours on Monday. The daily chart's technical setup reflects a sustained bullish bias, with the pair continuing to trade within its ascending channel.

The 14-day Relative Strength Index (RSI) holds just above the 50 mark, supporting a mild bullish bias. However, short-term momentum appears soft as the USD/CAD pair trades below the nine-day Exponential Moving Average (EMA).

The USD/CAD pair is testing its immediate barrier at the nine-day EMA of 1.4027. A break above this level would improve the short-term price momentum and support the USD/CAD pair may test the fresh seven-month high of 1.4140, reached on November 5. Further advance would open the doors for the pair to explore the region around the upper boundary of the ascending channel at 1.4190.

On the downside, the primary support appears at the ascending channel's lower boundary around the psychological level of 1.4000, followed by the 50-day EMA at 1.3965. A break below this confluence support zone would cause the emergence of the bearish bias and put downward pressure on the USD/CAD pair to navigate the region around the three-month low of 1.3721, recorded on August 7.

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 New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.08% -0.02% 0.11% -0.02% 0.06% -0.09% 0.01%
EUR -0.08% -0.11% 0.04% -0.10% -0.02% -0.18% -0.04%
GBP 0.02% 0.11% 0.14% -0.00% 0.08% -0.08% 0.04%
JPY -0.11% -0.04% -0.14% -0.13% -0.06% -0.21% -0.10%
CAD 0.02% 0.10% 0.00% 0.13% 0.08% -0.08% 0.04%
AUD -0.06% 0.02% -0.08% 0.06% -0.08% -0.16% -0.01%
NZD 0.09% 0.18% 0.08% 0.21% 0.08% 0.16% 0.12%
CHF -0.01% 0.04% -0.04% 0.10% -0.04% 0.01% -0.12%

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).


Date

Created

 : 2025.11.17

Update

Last updated

 : 2025.11.17

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

DXY: Supported by caution - OCBC

DXY was a touch firmer this morning. Market narrative has shifted towards concerns of what the backlog of US data may reveal about the US economy but at the same time, there is also rising caution that Fed may slow pace of rate cuts.
New
update2025.11.17 18:34

Oil: Novorossiysk resumes Oil shipments - ING

ICE Brent settled almost 1.2% higher last week after a Friday rally following a Ukrainian attack on the Russian port of Novorossiysk.
New
update2025.11.17 18:29

EUR: European Commission autumn forecasts in focus - ING

In focus on a quiet Monday will be the European Commission's autumn forecasts. In spring, the EC downgraded the 2025 and 2026 euro area GDP forecasts to 0.9% and 1.4% respectively, with inflation at 2.5% and 1.7%.
New
update2025.11.17 18:24

Silver Price Forecast: XAG/USD consolidates losses below $51.00

Silver (XAG/USD) is showing a mild recovery attempt on Monday. The pair bounced up from $50.00 lows on Friday but is struggling to find acceptance above the $51.00 level. which leaves price action hovering in no man's land, after a sharp reversal from the $54.30 area last week.
New
update2025.11.17 18:04

Canada CPI expected to ease slightly in October as markets assess BoC policy path

All eyes will be on Monday's inflation report, as Statistics Canada releases October's CPI figures. The data will give the Bank of Canada (BoC) a much-needed update on price pressures ahead of its December 10 meeting, where policymakers are widely expected to keep rates steady at 2.25%.
New
update2025.11.17 18:00

NZD/USD stays near 0.5700 as Trump removes tariffs on New Zealand exports

NZD/USD gained for the second successive session, trading around 0.5680 during the European hours on Monday. The New Zealand Dollar (NZD)after US President Donald Trump on Friday lifted tariffs on New Zealand exports worth about NZ$2.21 billion ($1.25 billion) annually.
New
update2025.11.17 17:52

GBP/USD picks up to 1.3180 with UK fiscal concerns still weighing

The Pound has bounced up from session lows near 1.3135, to hit session highs near 1.3180, but remains moving within previous ranges, extending the choppy and sideways trading seen over the last few weeks.
New
update2025.11.17 17:16

EUR/USD drifts lower on risk-off markets with delayed US economic data in focus

EUR/USD opened the week on a soft note, and returns to the 1.1600 area at the time of writing, extending Friday's reversal from session highs above 1.1650.
New
update2025.11.17 17:06

Dow Jones futures gain as traders eye delayed US data, Fed signals

Dow Jones futures rise 0.18% to trade above 47,300 during European hours ahead of the opening of the United States (US) regular session on Monday. Moreover, the S&P 500 futures and Nasdaq 100 added 0.57% and 0.90%, with trading near 6,800 and 25,300, respectively.
New
update2025.11.17 17:03

USD/CAD Price Forecast: Tests nine-day EMA barrier near 1.4050

USD/CAD moves little after registering modest losses in the previous session, trading around 1.4020 during the European hours on Monday. The daily chart's technical setup reflects a sustained bullish bias, with the pair continuing to trade within its ascending channel.
New
update2025.11.17 16:39

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel