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Downside Bias Remains Intact as Price Trades Below EMAs


02.01.2026
Downside Bias Remains Intact as Price Trades Below EMAs

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar        1.3610-1.3860

Euro                1.5970-1.6220

Sterling           1.8330-1.8580

 

WTI Oil (opening level) $57.18

The CAD/USD is opening at 1.3729 ( 0.7284 )

USD/CAD pair remains below the 50-day Exponential Moving Average (EMA) and marginally under the nine-day EMA, keeping bears in charge. Both averages slope lower, with the short-term line flattening near the spot price.

The USD/CAD pair reaches fresh five-month low of 1.3642 on December 26. Further declines would drag the pair within the wedge and put downward pressure on the pair to test the lower boundary of the descending wedge around 1.3550, followed by 1.3539, the lowest level since October 2024.

On the upside, the USD/CAD pair may test its immediate barrier at the nine-day EMA at 1.3715. A break above the short-term average would lead the pair to approach the 50-day EMA at 1.3848. Further advances above the medium-term average would improve the price momentum and support the pair to target the four-week high of 1.4014, reached on December 2.

 



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26.03.2024

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar        1.3525-1.3625

Euro                1.4675-1.4775

Sterling           1.7125-1.7225

28.08.2025

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar        1.3640-1.3890

Euro                1.5930-1.6180

Sterling           1.8480-1.8730

18.08.2025

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3670-1.3920

Euro                 1.6000-1.6250

Sterling            1.6550-1.6650