12/26/2023 0 Comments Live usd cad![]() ![]() ![]() What is $200 USD in Canadian Dollars?Ģ00 US Dollars = 265.35 Canadian Dollars as of Tuesday, Aug10:00 PM UTC. You can get live exchange rates between US Dollars and Canadian Dollars using the ValutaFX free online currency converter. While this suggests we could see a pullback in the near term, as mentioned above, the bullish trend looks strong and is likely to continue.USD to CAD Converter - FAQs What is the value of one US Dollar in Canadian Dollars?ġ US Dollar = 1.3268 Canadian Dollars as of Tuesday, Aug10:00 PM UTC. The price is currently well above its 200 MA. Above that, level 1.3709 will be key if the USD continues its charge higher. Level 1.3650 is one to watch and may be tested over the coming weeks. ![]() As for the USDCAD, a few resistance levels may stand out for traders. It is used as a price ceiling and can be an excellent investment technique. On the other hand, resistance levels help bearish traders find entries where the price may have reached its highs or pulled back. However, it may be a while before the price pulls back this far after an incredible run by the USD, which doesn’t look like ending yet. Levels such as 1.3080 and 1.2625 are decisive support levels for bullish investors hoping to get in on the pullback. Looking at the USDCAD after such a bullish run in 2022, many support levels are available. It can be used as a price floor for entry or exit levels. Support levels help bullish traders find areas where price may bounce and move higher. Technical analysis is just as critical as the fundamental side, helping traders to determine how best to enter and exit a trade. ![]() Inflation in Canada is currently at 7%, easing from the previous 7.6%. However, Canada is also facing inflation issues stemming from Covid-19 related issues. As we have seen this year, the CAD benefits when oil prices rise. This comes from the fact Canada’s most significant earnings come from the sale of crude oil, as it is one of the largest producers and exporters of the commodity. The Canadian Dollar often has a positive correlation to the price of oil. Some suggest inflation is not falling fast enough and expect the Fed to continue raising rates. As of now, inflation has been a key issue in the US, although it moved lower to 8.3% at the last reading, which may indicate the Fed’s rate hike program is having an impact. As a result, if the dollar has a positive release, it will usually positively affect its exchange rate compared to other currencies. These releases help market participants gain a fresh perspective on the current health of the US economy. Each month we see releases such as payroll data, GDP, retail sales, consumer price index, and much more that are all drivers of the US economy. The strength of the US economy and the currency’s world reserve status has seen it branded “king dollar.”įor the USD, you must keep an eye on major economic data releases that occur weekly and monthly. As a result, fundamental analysis is a tool used by many successful traders and investors.ĭuring times of weaker macroeconomic sentiment, the USD is considered a safe haven. Any fundamental news, such as changes in economic activity, monetary actions, or major data releases, can change the overall direction of a currency pair. ![]()
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