USD/CAD Down 5 Pips in Last 4 Hours, Came Into Today Up For the 2nd Day In A Row; in a Downtrend Over Past 90 Days

USD/CAD 4 Hour Price Update

Updated June 29, 2020 09:09 PM GMT (05:09 PM EST)

USD/CAD entered the current 4 hour candle at 1.368, down 5 pips (0.04%) from the previous 4 hours. Relative to other instruments in the Forex asset class, USD/CAD ranked 25th the previous 4 hours in terms of percentage price change.

USD/CAD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/CAD is up 7 pips (0.05%) since the previous day (opening today near 1.36891), marking the 2nd day in a row an increase has occurred. Compared to its peers in the Forex, USD/CAD gave its buyers a return that ranked 12th in terms of percentage change since the previous day. Below is a price chart of USD/CAD.

USD/CAD Technical Analysis

Coming into today USD/CAD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 50 day average, which is 78.3 pips away. Volatility for USD/CAD has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 15 out of the past 30 days.