empty
30.05.2022 10:42 AM
USD/CAD: Features and Trading Tips

USD/CAD refers to pairs with a direct currency quote and indicates how many units of the national currency of Canada (Canadian dollar) are contained in one US dollar. The base currency of the USD/CAD pair is the US dollar. This means that the commodity in the USD/CAD pair is the US dollar, and the Canadian dollar is the second currency in the pair, which buys the base currency (US dollar).

At the moment, the USD/CAD pair is trading on the Forex market at a price close to 1.2700. This means that for one US dollar they give 1.2700 Canadian dollars.

Features of trading the USD/CAD pair

1. The USD/CAD pair is actively traded throughout the trading day. The highest peak of trading activity with the Canadian dollar and the USD/CAD pair and the largest trading volumes occur during the American session (13:00 – 22:00 GMT).

2. The increase in trading volatility in the USD/CAD pair occurs during the publication of important macroeconomic indicators of the two countries and decisions of the Fed or the Bank of Canada regarding monetary policy in the United States or Canada, as well as press conferences of the central banks of the United States and Canada, and speeches by key figures of the central banks of the two countries. Decisions to tighten monetary policy in the US or Canada lead to an increase in the value of the US dollar or, accordingly, the Canadian dollar. And vice versa. If the Fed or the Bank of Canada demonstrate a tendency to ease monetary policy, then the US dollar or the Canadian dollar, respectively, weaken in the foreign exchange market and in relation to each other.

3. The Bank of Canada, like the Fed, also now intends to gradually tighten monetary policy to curb rising inflation. Such an important fundamental factor as the direction of monetary policies in the United States and Canada, along with oil prices, will be decisive in the dynamics of the USD/CAD pair in the coming months.

4. The Canadian dollar has the status of a commodity currency with a high correlation with oil prices (more than 90%). Therefore, the dynamics of oil prices has a strong impact on the quotes of the Canadian dollar. At the same time, the most important trade and economic partner of Canada and the buyer of its energy resources is the United States. In determining the short- and medium-term dynamics of the Canadian dollar, it is important to publish information from the oil market, weekly data on crude oil and petroleum products reserves in the United States. These data are usually published every Tuesday (21:30 GMT), Wednesday (15:30 GMT), and Friday (18:00 GMT) in wintertime. The statements of OPEC representatives and the decisions of this organization also have a strong impact on the quotes of oil prices, and, consequently, the Canadian dollar.

5. In addition to oil prices, the Canadian dollar has a fairly strong correlation with other commodity currencies, primarily with the New Zealand and Australian dollars. Accordingly, the USD/CAD pair has a significant inverse correlation with the AUD/USD and NZD/USD pairs. Also, when oil prices rise, as a rule, along with the Canadian dollar, the main US stock indices grow, primarily the S&P 500 and the Dow Jones Industrial Average due to the growth of shares of oil and gas companies.

6 . The USD/CAD pair has fairly even volatility throughout the trading day. The intraday volatility of the pair fluctuates in different periods of the year. On average, it is 100-130 points, but it can rise sharply during periods of publication of important macroeconomic indicators for the US or Canada.

Jurij Tolin,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

O dólar estava bem intencionado. Mas as coisas correram como de costume

Cuidado com o que você deseja. O desejo de Donald Trump de tornar os Estados Unidos grandes novamente e retornar a uma era de ouro está saindo pela culatra, corroendo

Marek Petkovich 17:37 2025-04-22 UTC+2

A perda de confiança no Fed pressionará o dólar (é provável que o Bitcoin continue subindo e que o USD/CAD caia)

Na segunda-feira, o mercado de ações dos Estados Unidos sofreu uma queda acentuada, arrastando diversas bolsas globais, à medida que as ações "turbulentas" do presidente Trump continuam a transitar

Pati Gani 17:22 2025-04-22 UTC+2

Mercado: Águas paradas são profundas

É impossível injetar capital em uma economia desestabilizada pela política. O capital continua a fluir para fora dos Estados Unidos, e os ataques de Donald Trump ao Federal Reserve apenas

Marek Petkovich 17:08 2025-04-22 UTC+2

Em que prestar atenção em 22 de abril? Uma análise dos eventos fundamentais para iniciantes

Não há eventos macroeconômicos programados para terça-feira — nem nos EUA, nem na zona do euro, nem na Alemanha, nem no Reino Unido. Portanto, mesmo que o mercado estivesse atento

Paolo Greco 16:12 2025-04-22 UTC+2

Será que Trump demitirá Powell?

O índice do dólar americano renovou sua mínima de três anos nesta segunda-feira, caindo para a faixa dos 97 pontos — pela primeira vez desde março de 2022. A moeda

Irina Manzenko 15:54 2025-04-22 UTC+2

Por que o dólar americano continua a cair

O dólar dos Estados Unidos caiu para o nível mais baixo desde janeiro de 2024, após críticas do presidente Donald Trump ao Federal Reserve levantarem preocupações sobre a independência

Jakub Novak 14:55 2025-04-22 UTC+2

EUR/GBP. Análise e previsão

O par EUR/GBP recua nesta sessão, após dois dias consecutivos de ganhos, sendo negociado próximo ao nível psicológico de 0,8600. A libra encontra suporte no otimismo em torno das negociações

Irina Yanina 13:54 2025-04-22 UTC+2

Libra esterlina: Previsão semanal

Vários relatórios interessantes foram divulgados no Reino Unido, mas tiveram pouco impacto nas ações dos participantes do mercado. A demanda pela libra esterlina aumentou em todos os cinco dias, exceto

Chin Zhao 15:23 2025-04-21 UTC+2

Dólar americano: Previsão semanal

Com base na análise do EUR/USD, concluo que o par continua construindo uma nova fase de tendência de alta. As ações de Donald Trump reverteram a tendência de baixa anterior

Chin Zhao 15:16 2025-04-21 UTC+2

EUR/GBP. Análise e previsão

O fortalecimento do par está vinculado ao aumento do euro em meio à fraqueza do dólar dos E.U.A., impulsionado por preocupações sobre uma possível recessão nos E.U.A. e questões sobre

Irina Yanina 15:05 2025-04-21 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.