CAD

Recent trading sessions have not been particularly favorable for the Canadian dollar. USD/CAD has now recorded four consecutive bullish sessions, accumulating gains of more than 1.00% in favor of the U.S. dollar. This move once again highlights a relevant bullish bias within the market and shows that buying pressure continues to dominate in the short term.

Over recent trading sessions, a growing sense of indecision has once again become evident around USD/CAD price action. For now, average movements over the last four trading sessions have failed to establish a clear directional bias, with daily fluctuations remaining close to 0.2%, a relatively modest figure compared to the moves above 0.6% observed last week

The start of the trading week has not been particularly favorable for the Canadian dollar. Over the last two trading sessions, USD/CAD has gained more than 0.6% in favor of the U.S. dollar, reflecting a loss of momentum for the CAD in the short term.

Over the last 3 trading sessions, the Canadian dollar has shown signs of strength, reflected in a USD/CAD decline of nearly -0.43%, marking a short-term bearish bias. This pressure has held steady following the release of Canada's inflation data and amid expectations of progress in tariff negotiations, keeping the Canadian currency from losing ground.

Over the last few sessions, the USD/CAD has seen a slight appreciation of nearly 0.3% in favor of the US dollar. However, beyond this mild bias, the broader chart picture reflects a prolonged consolidation.

A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.

The Canadian dollar is the currency of a top-ten global economy and reflects the strength of Canada's economy, as well as being a proxy for its key exports such as oil. Discover everything you should know about CAD before you open a position.